CATrends: Buy Now, Pay Later Services Send Users Further Into Debt
The result is that BNPL services that are advertised as free aren’t, class-action lawsuits allege.
Afterpay
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Afterpay’s Buy Now, Pay Later Service
Allegations: Misleadingly marketing itself as a free service without adequately disclosing the risk that consumers will be charged overdraft fees by banks processing payments
Afterpay
Allegations: Misleadingly marketing its service as a no-fee, no-interest way for consumers to make purchases before they have money to pay for them without disclosing that consumers who provide debit…