Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn't seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits.
"We are seeing a very subtle loss of interest in shopping just for that group, and a couple of basis points," Levchin told CNBC's "Squawk on the Street."
At least 670,000 federal employees have been furloughed in the shutdown, and about 730,000 are working without pay, the Bipartisan Policy Center said this week.
Levchin said he's closely watching employment data for signs of major disruptions, but the company is "capable" of adjusting credit standards when needed.
"Right now, things are just fine," he said. "We're not seeing any major disturbances at all."
The federal funding lapse, which began Oct. 1, is the longest in U.S. history and has halted work across agencies with an impact beyond those who are government employees. The SNAP food benefit program, which serves 42 million Americans, has also been cut off.