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Stock impact report

Sharpton cites BNPL racial disparities [Yahoo! Finance]

Affirm Holdings, Inc. - Class A (AFRM) 
Company Research Source: Yahoo! Finance
Buy now, pay later providers “cause disproportionate harm to marginalized communities,” the civil rights activist Al Sharpton said in a letter to the attorneys general of states leading an inquiry into industry practices. In December, the attorneys general of seven states led by Connecticut and North Carolina requested information from a half dozen BNPL providers, including Affirm Holdings and Klarna Group, about their loans and other business practices In a comment Wednesday via email, Sharpton said that “buy now, pay later loans sound like a lifeline, but for too many Black and Brown Americans, they've become a debt trap.” Sharpton, who leads the New York City-based National Action Network, was unavailable for an interview due to planning for an event next week, as were other NAN representatives, a spokesperson said. Sharpton commended the states' effort in a March 6 letter to the Connecticut and North Carolina AGs, but requested they expand their inquiry to include Shop Pa Show less Read more
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