Signal1 Mar 2024
'Financially fragile' users overrely on BNPL services

BNPL services are being frequented by “financially fragile” users, according to a report from the Federal Reserve. With people drawn by the inability to access other forms of credit, underregulated forms of lending are leading to poor financial decisions, creating a need for guidance and education.

'Financially fragile' users overrely on BNPL services