Block Inc. (XYZ) saw shares drop 6.59% on Tuesday due to a probe by seven states into six BNPL companies, including Afterpay. The states acted after the CFPB backed off plans to protect BNPL consumers like credit card users. Connecticut AG William Tong emphasized the need for state vigilance.

The other BNPL firms under investigation are Affirm, Klarna, PayPal, Sezzle, and Zip. Despite the potential of XYZ as an investment, some AI stocks are seen as offering better returns with less risk. For those interested, a report on an undervalued AI stock benefiting from Trump’s policies is available.

Read more at Yahoo Finance: Block Inc. (XYZ) Falls 6.6% on 7 States’ Probe Into BNPL Practices