Florida Dem presses CFPB to probe ‘rent now, pay later’ companies as housing costs climb

Summary

Democratic Rep. Maxwell Frost (Fla.), the youngest member of Congress, wrote a Wednesday letter urging the Consumer Financial Protection Bureau (CFPB) to investigate companies offering “rent now, pay later” plans for tenants across the country as housing costs rise nationwide.  Financial services Flex and Livble have offered users the option of paying tenants’ rent up…