FinTech news in Consumer Financial Protection Bureau category

These will likely become more acute as customers begin to use BNPL for routine expenses, the agency said — the CFPB found that BNPL customers are increasingly paying for purchases like groceries and gas, spurred by macroeconomic pressures including inflation.

Accrue Savings, founded in June 2021 by CEO Michael Hershfield, aims to get people saving again with its merchant-embedded shopping experience that rewards consumers for saving up for the things they want to buy.