Axios

@axios ↗

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Last Checked Oct. 7, 2022

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Sat Jul 16 13:17:02 +0000 2022

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Axios @axios

If you buy a lot using BNPL, you can end up in real debt trouble. It lacks most of the consumer protections that come with credit cards. The industry remains largely unregulated, but the Consumer Financial Protection Bureau is looking into the industry. https://t.co/cIvhoweAVD — PolitiTweet.org

Posted July 16, 2022 Hibernated

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Axios @axios

Though it does sometimes charge interest, it also makes a lot of money directly from merchants who find that buyers are more likely to pull the trigger on a big purchase if they can spread the payments out. https://t.co/cIvhoweAVD — PolitiTweet.org

Posted July 16, 2022 Hibernated

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Axios @axios

This year alone BNPL projected to grow by more than 43%, to $180 billion. The young BNPL industry has yet to be tested through an economic downturn. The next recession, if and when it comes, could put serious strains on borrowers and lenders alike. https://t.co/cIvhoweAVD — PolitiTweet.org

Posted July 16, 2022 Hibernated