Four 2023 U.S. Policy Predictions for Financial Services Companies
FICO
JANUARY 5, 2023
With a weakening economy, BNPL firms have seen a rise in bad debts, growing losses, increased costs of operations and tumbling share prices. Some BNPL firms already are providing disclosures mandated by the Truth-in-Lending Act. There Will be Changes in the BNPL Market, but Major Regulatory Action Is at Least a Year Away.
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