The Risks and Regulations of 'Buy Now, Pay Later' Schemes
Originally Published 7 months ago — by NPR
The article explores the rise of 'buy now, pay later' (BNPL) services, their appeal especially to young people and those with limited credit, and the potential risks and regulatory challenges they pose, including increased consumer debt and the erosion of traditional financial protections, all while serving as a modern extension of lifestyle subsidies that have historically shaped consumer habits.