CFPB report reveals risky loan stacking in BNPL sector, with 60% of users sinking in debt

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Surely an industry with over 60% subprime loan stackers can’t go wrong (Source: Jan ’25 CFPB Report)
byu/-DeBussy- inwallstreetbets

https://www.consumerfinance.gov/about-us/newsroom/cfpb-research-reveals-heavy-buy-now-pay-later-use-among-borrowers-with-high-credit-balances-and-multiple-pay-in-four-loans/

CFPB report reveals nearly 2/3 of BNPL borrowers are subprime as Klarna moves to DoorDash

h/t -DeBussy-

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