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Consumer Financial Protection Bureau Confirms Inquiry into BNPL

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Why Affirm Holdings (AFRM) Stock Plunged 12% Today

December 16, 2021 12:41 PM EST

Affirm Holdings (NASDAQ: AFRM) shares sank 12% Thursday after the Consumer Financial Protection Bureau (CFPB) opened an inquiry into the "buy now, pay later" sector and issued a series of orders to the five main companies offering the service, which includes Affirm, Afterpay (NYSE:... More