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From:
American Banker
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Fed's Barr warns of BNPL 'debt trap,' other risks | American Banker
https://www.americanbanker.com/news/feds-barr-warns-of-bnpl-debt-trap-other-risks
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payments
politics and policy
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The Federal Reserve governor said the uptick in buy now pay later repayment issues is likely a sign that consumers don't understand the terms of the emerging credit offering.