US traditional lenders issued warning over ‘buy now, pay later’ market
By Giada ZampanoJanuary 2, 2024
US regulators are joining a chorus of supervisors warning banks about credit, compliance, operational and reputation risks, following a surge in popularity of BNPL “buy now, pay later” products.
Traditional lenders, particularly in the US, are now joining specialised firms such as Klarna and Clearpay in offering customers ...
Already a subscriber? Log In
Read Next:
August 17, 2023
‘Half the banking world being left behind’ by US T+1 testing regime
UK banks claim they have been ‘left in the dark’ as the US aggressively pushes ahead with its T+1 rule change. Under new rules from the US Securities and Exchange...
Read more