Consumers don’t always use “buy now, pay later” wisely. Image: Getty The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. Should government regulators crack down on financial products whose profitability depends on our proclivity to act impulsively? What if the target market consists of younger, less financially sophisticated borrowers, more prone to acting now and thinking later? That is the question presented by the latest and… Source link
Read More »Bitcoin’s revival shows cryptocurrency ‘is not a fad’: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 24, 2021 A ‘maximalist’ vision of bitcoin means every company will be a crypto company. Oh what a difference a summer makes. Bitcoin’s (BTC-USD) slow but steady rebound from its spring lows saw the crypto unit top $50,000 on Monday, with the latest move greased by PayPal’s (PYPL) announcement that it would let U.K.-based… Source link
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