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0.000458424430495788 0.000564214683687031 -0.00232738557020955 -0.00959164962268153 -0.0169969673460754 -0.0177022357006842 -0.0464771845687284 -0.0509909020382257
Stock impact report

Buy Now, Pay Later Firms Pressed by States for Loan Details [Yahoo! Finance Canada]

Affirm Holdings, Inc. - Class A (AFRM) 
providers of Buy Now, Pay Later services for details about the cost and structures of their installment loans, as well as consumers' ability to repay them. Klarna Group Plc, Affirm Holdings Inc. and Afterpay Ltd. were among the six companies that were sent letters on Cyber Monday from the group that included Connecticut and North Carolina. The companies were asked to provide detailed information about their loan products and customer interactions within 30 days. Most Read from Bloomberg In a statement announcing the letter, Connecticut Attorney General William Tong expressed concern that heavy marketing of such services was luring consumers into costly and onerous arrangements. PayPal Holdings Inc., Sezzle Inc. and Zip Co. Ltd. also received letters. An official in Tong's office along with officials from California, Colorado, Illinois, Minnesota and Wisconsin signed onto the letters. “Buy now, pay later may appear to be a convenient way to afford a purchase, especially now dur Show less Read more
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