Affirm CEO Welcomes Regulation From the CFPB

The video discusses the importance of consumer protection and industry standards, highlighting Affirm's commitment to compliance and ethical practices. It covers the company's approach to Buy Now Pay Later (BNPL) services, fraud protection, and the launch of a new debit card. The video also touches on Affirm's partnerships with major retailers like Walmart and Amazon, emphasizing the company's growth and market impact.

What is the primary role of CP in the context of consumer protection?

• To reduce consumer spending

• To increase company profits

• To ensure consumers receive excellent protection

• To create new products for consumers

How does Affirm differentiate itself in terms of fees?

• By charging high late fees

• By offering discounts on purchases

• By providing cashback on every transaction

• By not charging late fees or reactivation fees

What risk does Affirm take on in its transactions?

• The risk of the merchant not getting paid

• The risk of consumers not receiving products

• The risk of delayed shipping

• The risk of increased transaction fees

What is Affirm's approach to customer service?

• Only available during business hours

• Outsourced to third-party companies

• Available through all possible channels

• Limited to email support

What feature does Affirm's new debit card offer?

• It requires a new bank account

• It provides free international transactions

• It allows transactions to be converted to pay over time

• It offers unlimited credit

Which major retailers are mentioned as partners with Affirm?

• Macy's and Nordstrom

• Costco and Sam's Club

• Walmart and Amazon

• Target and Best Buy

What is the current stage of Affirm's new debit card in the market?

• Fully launched with high revenue

• Only available to select customers

• Discontinued due to low demand

• In early stages with limited revenue