Buy now/pay later lending continues to grow in popularity, with more than a third of U.S. adults taking advantage of these innovative credit products to finance day-to-day purchases.
Interest-free credit and fast approval make BNPL transactions an attractive payment option for shoppers, and provide an opportunity for consumers to build their credit history. However, there are concerns about BNPL, such as misleading and deceptive marketing practices leading to shadow student debt and the lack of regulation and consumer protections.
Read our roundup for nine perspectives on BNPL and the changing credit landscape.