Analysis, Regulation & Supervision

US traditional lenders issued warning over ‘buy now, pay later’ market

By Giada Zampano
Buy now pay later
Image: Getty Images

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 ...

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