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Don't remind me again today

Seven Democratic state attorneys general are turning up the heat on Buy Now, Pay Later platforms. They've sent formal requests demanding transparency around loan structures, fee calculations, and how these companies assess whether users can actually afford the repayments.



This coordinated move signals growing concern about installment loan products that've exploded in popularity. Regulators want to know if BNPL providers are doing enough due diligence before extending credit—or if they're setting consumers up for debt spirals.

The inquiry focuses on three pressure points: what these loans truly cost borrowers, how repayment terms are structured, and whether affordability checks are rigorous enough. As BNPL becomes the go-to payment method for millions, expect this scrutiny to reshape how the industry operates.
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BlockchainGrillervip
· 23h ago
Finally, someone is here to manage these BNPL scams, it's about time they were investigated.
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RunWithRugsvip
· 23h ago
Ngl bnpl is just digging a pit for people, and regulation should step in.
View OriginalReply0
AlwaysMissingTopsvip
· 23h ago
The bnpl trap should have been checked long ago; how many people have fallen into it for a moment of excitement.
View OriginalReply0
PebbleHandervip
· 23h ago
The bnpl trap should have been investigated long ago; how many people were trapped before realizing they couldn't pay it back at all.
View OriginalReply0
SigmaBrainvip
· 12-02 00:10
Ngl, this time BNPL is going to be thoroughly investigated... It should have been regulated a long time ago, this thing is just disguised usury.
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HashBardvip
· 12-02 00:08
ah here we go again... another regulatory theater episode where they pretend affordability checks matter lmao. bnpl was always the narrative of "democratizing credit" but really it's just predatory lending cosplaying as fintech innovation, ngl
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