
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.
June 2019: This case was voluntarily dismissed because the parties reached a settlement agreement.
February 2019: A class-action lawsuit was filed against Le Tote, Inc. (a web-based company that offers a clothing rental subscription service) for allegedly failing to adequately present the terms of its automatic renewal and continuous service offers resulting in subscribers being charged without their consent. (Vasquez-Cossio et al v. Le Tote, Inc., Case No. 19-cv-347, C.D. Cal.)
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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).