Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
According to Adobe Analytics, a record number of buy-now-pay-later purchases (“BNPL”) were made during the holiday shopping season. This 14% increase over the holiday shopping season of $16.6 billion, combined with a 14% growth throughout 2023, grew annual BNPL spending to $75 billion. Some regulators, including the Consumer Financial Protection Bureau (“CFPB”), have expressed concern regarding the exposure of the credit markets to this form of payment.
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