Buy Now, Pay Later (BNPL) is hailed as the modern layaway plan. BNPL has become one of the most popular forms of credit access in recent years as it offers an alternative to the traditional credit card. In 2024, 15 percent of American consumers used BNPL. However, regulation would restrict competition among BNPL companies, preventing them […]
Author Archives: Leah Locke
Leah Locke is a Finance and Insurance Policy Analyst at the American Consumer Institute, a nonprofit educational and research organization. You can follow her on X @ConsumerPal. She wrote this for InsideSources.com.