A New Hope On Credit....Buy Now, Pay Maybe?

This event took place on Monday, October 24, 2022 at 1:00 PM UTC.

Location: Between Two... , Expo Hall, Level 2 BNPL can provide important economic benefits by enabling liquidity constrained consumers to smooth consumption. Risks to consumers include behavioral mistakes (such as overoptimism in their ability to pay) which could lead to debt spirals. BNPL harnesses insights from psychology to make it more attractive to consumers, increasing the risk of behavioral mistakes. As many BNPL products have been designed to fall outside the scope of traditional credit regulation, consumers do not benefit from many of the consumer protections available for other forms of credit.