Next credit card epidemic? ‘Buy now, pay later’ becomes unregulated gateway drug into debt addiction

America’s debt addiction takes on a new twist—thanks to opaque, unregulated “buy now, pay later” loans that have swept retail in the past few years. There’s no single definition of a BNPL loan, but it usually refers to a point-of-sale loan that shoppers can pay off in smaller increments, often…#bnpl #federalreserves #consumerreports #newyorkfed #tomakana #kathyhochul #steptoellp #occ #cfpb #rohitchopra
Source: Reuters: Health - Category: Consumer Health News Source Type: news