Federal government warns banks about offering buy-now, pay-later lending that could come back to bite them – Canada Boosts
A high U.S. monetary regulator is warning banks about potential dangers in providing buy-now, pay-later merchandise which have surged in recognition with shoppers. Conventional lenders are becoming a member of companies like Affirm Holdings Inc., Klarna Financial institution AB and Afterpay Ltd. in giving prospects shorter-term borrowing choices. Regardless of their surging recognition, the preparations…