The Hidden Cost of Buy-Now-Pay-Later Products

Afterpay. Klarna. Affirm. Ever heard of them? Buy-now-pay-later loan products are exploding into the U.S. economy like an invasive species that doesn't behave like the forms of credit we already know. As more and more people across the nation use this payment form in order to afford daily necessities, a new report by the Indiana Community Action Poverty Institute explores the disproportionate risks and harms faced by low-income individuals and what the CFPB's new regulations mean for the industry.

Join us on Zoom to learn more about these small dollar loan products that have the power to wreak havoc on Hoosier family finances. 

Attendees will learn about...

• How buy-now-pay-later products actually work and why people are using them

• The benefits and risks of these small dollar loans

• Policy changes necessary to protect users of buy-now-pay-later products

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