Please complete this form relating to your transactions in Affirm Holdings, Inc. (NASDAQ: AFRM) securities between September 17, 2021 and December 16, 2021.
You may also contact James Maro, Esq. (484) 270-1453; or toll free at (844) 887-9500; or you may submit your information via email at email@example.com; or you may click here to print a PDF of this form.
Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of purchasers of Affirm Holdings, Inc. (NASDAQ: AFRM) (“Affirm") securities between September 17, 2021 and December 16, 2021.
Affirm investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.
Affirm, headquartered in San Francisco, California, operates a platform for digital and mobile-first commerce in the United States and Canada. Affirm’s platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app.
On December 16, 2021, the Consumer Financial Protection Bureau (the “CFPB”) announced that it has launched an inquiry into the payment service offered by Affirm known as “buy-now, pay-later” (“BNPL”). The CFPB issued an order to Affirm, along with four other companies offering BNPL, seeking information about Affirm’s facilitation of excessive consumer debt, regulatory arbitrage and data harvesting. The CFPB said it is concerned about “accumulating debt, regulatory arbitrage, and data harvesting," and is seeking data on the risks and benefits of the products. In a statement addressing BNPL services, CFPB Director Rohit Chopra said, “The consumer gets the product immediately but gets the debt immediately too.”
Following this news, Affirm’s stock price has declined by over 16%, to close at $99.24 on December 16, 2021.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at firstname.lastname@example.org.