
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.
November 2015: This action was voluntarily dismissed When a complaint is dismissed with prejudice, it cannot be refiled. because the parties reached a settlement agreement, the terms of which have not been disclosed.
July 2014: A class-action lawsuit was filed against International Culinary Center, LLC. alleging that, among other things, the school promises graduates “walk straight into a top culinary job” immediately upon graduating when, according to plaintiffs, a majority of the graduates are not hired as chefs or in other “top culinary jobs.” (Grabovan et. al v. International Culinary Center LLC. et. al, Case No. 14-cv-05147, S.D. NY.).
For more information about other class-action lawsuits about education and TINA.org’s coverage of the topic, click here.
The result is that BNPL services that are advertised as free aren’t, class-action lawsuits allege.
Tricking consumers into paying hundreds of dollars for services that are available for free.
Even the CEO acknowledges that some consumers have confused the company for the federal government.
Rob Walker, Fortune
Gimme the loot (boxes).