How Big Banks Are Gunning For Buy Now, Pay Later Fintechs

Buy Now, Pay Later (BNPL) products have surged in popularity. That's led to regulators and large financial institutions alike taking a closer look at them.

In speaking with Forbes, Michael R. Guerrero noted that treating BNPL products like credit products is not a great fit.

"I don't know that this is giving the consumer a better ability to comparison-shop for the price of credit," he told the reporter, noting that BNPLs are "novel products these rules weren't even intended for."

Michael is a member of the firm's Banking and Financial Services, Consumer Financial Services, and Fintech and Payment Solutions teams.

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