A group of Democratic U.S. senators is seeking information about how the three main credit reporting agencies use data from buy now, pay later companies as BNPL lending grows.
The credit reporting industry has no “standard method” for how to handle BNPL data, the senators wrote in their May 4 letters to the CEOs of Equifax, Experian and TransUnion.
“Given the exceptional growth in the BNPL industr...
