But will the agency director who put out the new rule stick around to see it implemented?
The payment plans will be offered by Affirm, an online lender that has raised more than $400 million in funding.
Financial Innovation Now, a coalition of five web companies, will advocate for business-friendly regulations as technology alters the market for financial services.
“I work at a tanning salon…so- no- it wasn’t worth it.”
The company will use the proceeds of a massive $325 million funding round to expand its business of making unsecured personal loans over the internet.
A little-known lending program skirts financial institutions — and the credit agencies that police them.