affirm holdings inc.
May 26, 2023, 4:00 PM EDT
Rejected for a buy now, pay later plan? It might not be your fault
Klarna and Affirm surged in popularity during the pandemic’s online shopping boom, as buyers used them to finance big purchases such as designer bags and daily expenses.
Affirm is ‘bringing consumers their spending power back’ amid economic ‘turbulence’: CEO
Affirm co-founder and CEO Max Levchin argues consumers need more access to credit and purchasing power amid decades-high inflation and the Fed's rate hikes.
Consumer Financial Protection Bureau probes 'buy now, pay later' credit
The CFPB has launched an investigation into companies that offer "buy now, pay later" credit
Buy now, pay later is the new layaway: What are the pros and cons?
When Walmart announced it was ending its layaway program for the majority of its store categories in favor of a buy now, pay later format, social media users expressed their confusion and sadness with nostalgic tweets. Retail experts and financial lending providers aren’t surprised by the shift.
'Buy now, pay later' becomes popular in time for the holiday season
As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments.