Buy Now Pay Later is a (small) bubble which will catch social media addicts

https://bankwatch.ca/2023/01/14/buy-now-pay-later-is-a-small-bubble-which-will-catch-social-media-addicts/

Apparently “influencers “ are using terms such as “Ima Afterpay that s%#@,” says “the creator behind All Things Naisa on TikTok.”

… Banks are bad, credit cards are bad and interest is really bad. Interest is added to price so zero% is a fiction.

Those BNPL aficionados will see credit scores drop rapidly as bureaus layer on higher negative differentials for BNPL credit.

#BNPL #consumercredit

My summary of UK government plans for the ‘reform’ of #ConsumerCredit law/regulation and related #FCA powers. https://www.keystonelaw.com/keynotes/reform-of-the-consumer-credit-act-1974

My summary of UK government plans for the ‘reform’ of #ConsumerCredit law/regulation and related #FCA powers. https://www.keystonelaw.com/keynotes/reform-of-the-consumer-credit-act-1974

Actually, not a bad start...

#AI #ML #OpenAI #discrimination #consumercredit #ConsumerLaw

https://www.eventbrite.com/e/automating-bias-cardozo-law-review-2023-symposium-tickets-453239460427