Credit-Hungry Americans Like BNPL, Cards (and Whatever’s Next)

Published on January 19, 2023

Researchers are finding that 'buy now, pay later' programs may be augmenting other consumer debt, rather than replacing credit cards and personal loans. Some older borrowers also like this reimagined 'layaway plan,' so the trend isn't just about credit newcomers. However, there are indications that some users of these plans are having trouble with installments.

Continue reading on website
Other news

Will consumers ever get over the price hurdle for sustainable goods?

January 19, 2023
Despite heightened awareness over climate change threats in recent years, surveys continue to battle it out over how much of a premium consumers are willing to pay for sustainable goods.

American Banker Podcast: How banks can quell the overdraft fee backlash

January 19, 2023
"Why not bundle some kind of overdraft protection alternative product, for example, a credit line, as part of the monthly fee for a checking account?" suggests Wei Ke, behavioral psychologist and partner at Simon Kucher in New York. Listen to the full Banking with Interest Podcast episode through the link below.