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Market
Top BNPL market share post new regulations by end of 2024
4
Resolution / Starting Odds
Klarna gains highest market share • 25%
Affirm gains highest market share • 25%
PayPal gains highest market share • 25%
No significant change • 25%
Market analysis reports and financial statements
Story
CFPB and Biden Administration Mandate Klarna, Affirm, and Other BNPL Lenders to Follow Credit Card Laws
May 22, 2024, 01:36 PM
The U.S. Consumer Financial Protection Bureau (CFPB) announced that Buy Now, Pay Later (BNPL) lenders must comply with U.S. credit card laws. This new rule ensures that BNPL companies, including Klarna, Affirm, and PayPal, provide consumers with the same legal protections as traditional credit card users. These protections include the right to dispute charges and demand refunds for returned products. The move, supported by the Biden administration, aims to regulate the largely unregulated BNPL market and improve consumer protections under the Truth in Lending Act. The rule follows more than two years of studying the BNPL market.
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Affirm gains the most • 33%
Klarna gains the most • 33%
Afterpay gains the most • 33%
Increase • 33%
Decrease • 33%
No Change • 34%
High Compliance • 33%
Partial Compliance • 33%
Low Compliance • 34%
Credit card companies adjust their offerings • 25%
Banks introduce competing products • 25%
No significant response • 25%
Increased partnerships with BNPL firms • 25%
Keller Williams • 33%
Anywhere • 33%
RE/MAX • 34%
Top 3 • 33%
Top 5 • 33%
Below Top 5 • 33%
Top agencies gain market share • 25%
Top agencies lose market share • 25%
No significant change • 25%
Smaller agencies gain market share • 25%
Stock price rises • 33%
Stock price falls • 33%
Stock price remains stable • 33%
3rd • 25%
4th or lower • 25%
1st • 25%
2nd • 25%
3rd to 5th • 25%
Below 5th • 25%
Magic Eden • 33%
OpenSea • 33%
Blur • 34%