Sen. Warren probes how credit reporting agencies approach BNPL products
U.S. Sen. Elizabeth Warren (D-MA) is leading an effort to seek more clarity from credit reporting agencies on how they are approaching buy now, pay later (BNPL) products. Warren along with Sens. Richard Blumenthal (D-CT), Tammy Duckworth (D-IL), and Mazie Hirono (D-HI) sent letters to Experian, Equifax, and TransUnion on how they are incorporating BNPL products into consumers’ credit reports. “The current infrastructure of credit reporting in the United States is extremely opaque; the ...
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