Klarna, other providers to withhold ‘buy now, pay later’ data, WSJ says

This fall, credit scores are set to begin incorporating “buy now, pay later,” BNPL, loans, but Klarna (KLAR) recently said it won’t share data about the bulk of its loans until it gets assurances its customers won’t be unfairly penalized for using its payment options, Imani Moise of The Wall Street Journal reports. While Klarna supports credit reporting, it argues the U.S. system is not yet equipped to accurately evaluate BNPL data. BNPL provider Afterpay similarly said it plans to withhold data until proof its customers won’t be harmed. Affirm (AFRM), another major BNPL provider, began sharing all customer data with Experian (EFX) and TransUnion (TRU) earlier this year.