Direct Product Data News Today

The CFPB utilized its market monitoring authority to issue a series of orders to five companies offering buy now, pay later credit. Buy now, pay later, or BNPL, is a deferred payment option that allows consumers to split a purchase into smaller installments.

CFPB Director Rohit Chopra has wasted no time in acting on comments he made at his confirmation hearing regarding the risks posed by the collection of data by large platforms. In just...