George this is great! Can you tell us more about what you recommend the solution is? So we need more regulation on consumers taking on debt? Should we limit certain operations within BNPL companies? How did we find a balance between regulation to protecting consumers & giving them free will - free choice. One would argue, this is America, give the people what they want!
Great question and I'm not sure I know what it is! I think my stance is that these companies can exist but they aren't novel innovations (as they have been pitched). I'm sure there is an answer in consumer protections but that is someone much smarter than me
George this is great! Can you tell us more about what you recommend the solution is? So we need more regulation on consumers taking on debt? Should we limit certain operations within BNPL companies? How did we find a balance between regulation to protecting consumers & giving them free will - free choice. One would argue, this is America, give the people what they want!
Great question and I'm not sure I know what it is! I think my stance is that these companies can exist but they aren't novel innovations (as they have been pitched). I'm sure there is an answer in consumer protections but that is someone much smarter than me