How more BNPL usage is increasing risk for banks

T1Covered by 1 source · first reported by American Banker (headlines) at 24 Sept, 20:40 UTC

Sixteen percent of consumers took out a buy now, pay later loan in 2025, according to the Federal Reserve, as more low-income consumers turn to the short term installment loans for everyday expenses such as groceries. That's creating a blind spot for banks that underwrite consumer credit.

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Sources

• T1How more BNPL usage is increasing risk for banksAmerican Banker (headlines)24 Sept, 20:40