Episode 8: Buy Now, Pay Later Loans: Considerations for Consumers
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Episode 8: Buy Now, Pay Later Loans: Considerations for Consumers
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In episode eight Consumer Finance Bureau Chief Erin Van Engelen talks with Tom Nate, Supervisor of the Regulated Lender Program, about Buy Now, Pay Later (BNPL) loans. The number of consumers utilizing BNPL has steadily increased, and this model continues to expand in the mainstream marketplace. Learn about the key components of BNPL agreements, how they differ from more traditional financing options, and potential benefits and drawbacks to consider.
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