By Paul R. La Monica, CNN BusinessRegulators in Washington may crack down on the industry behind “buy now, pay later,” the increasingly popular method for consumers to purchase things online. Shares of Affirm, which went public in January, plunged more than 10% following the CFPB news. Block shares fell about 5%, but that drop may also have something to do with a lawsuit filed against it by tax preparer H&R Block. It added that it is working with international partners in Australia, Sweden, Germany and the United Kingdom on the inquiry. With a recent valuation of $45.7 billion, Klarna is one of the more eagerly awaited potential IPOs of 2022.

Source: CNN December 17, 2021 07:45 UTC