Klarna's Skyrocketing Losses Expose Weaknesses in BNPL
A red flag for anyone tracking U.S. household borrowing and the condition of the buy now, pay later (BNPL) market was Klarna’s first-quarter... read more »
Eric Bank has been covering business and financial topics since 1985, specializing in taking complex subject matters and explaining them in simple terms for consumer audiences. Eric's writing regularly appears on Credible.com, eHow, WiseBread, The Nest, Get.com, Zacks, Chron, and dozens of other outlets. A former software engineer, Eric holds an M.B.A. from New York University and an M.S. in finance from DePaul University.
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A red flag for anyone tracking U.S. household borrowing and the condition of the buy now, pay later (BNPL) market was Klarna’s first-quarter... read more »
By: Eric Bank • 5/23/25
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Subprime consumers tend to be stereotyped as impulse-driven credit risks who lack the planning skills to manage their personal finances. But... read more »
By: Eric Bank • 5/23/25
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The U.S. government has suffered another loss in its fiscal credibility. Moody’s recently downgraded the rating on the United States’ sovereign... read more »
By: Eric Bank • 5/22/25
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Despite concerted efforts by lenders to enhance borrower experience, total personal loan satisfaction hasn’t changed much since last year,... read more »
By: Eric Bank • 5/22/25
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Four weeks since the U.S. launch of the Juzt Card, Access Finance CEO Ivan Arnaudov said demand from customers has exceeded expectations,... read more »
By: Eric Bank • 5/21/25
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Following months of regulatory scrutiny and waves of media criticism, Capital One’s acquisition of Discover Financial has finally entered the end... read more »
By: Eric Bank • 5/21/25
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Americans are deeper in debt than ever before. The Federal Reserve Bank of New York’s most recent snapshot revealed household debt increased by... read more »
By: Eric Bank • 5/19/25
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Automobile sales may still be rolling along, but the road is getting rocky for subprime borrowers. Lenders are pickier about high-risk loans even... read more »
By: Eric Bank • 5/19/25