Private Credit Quietly Backs the Craze Propping Up US Consumers
Bloomberg 2026-06-28 21:00:05
Context: Private credit companies are increasingly providing financial backing to the "buy now, pay later" trend in the US, a craze that is helping to prop up consumers. This trend has raised concerns among credit raters, former regulatory chiefs, and others who are on the lookout for potential risks. The growing involvement of private credit companies in this space has sparked worries about the potential consequences.
Key Facts
- Private credit companies are increasingly backing the "buy now, pay later" trend that's propping up US consumers, a development that has raised concerns among credit raters and regulatory experts.
- The growing involvement of private credit companies in the "buy now, pay later" space has sparked worries about the potential risks and consequences of this trend.
- René Ismail reported on this trend for Bloomberg, highlighting the increasing role of private credit companies in backing the "buy now, pay later" craze.
- Credit raters, former regulatory chiefs, and others are on guard for potential risks associated with private credit companies backing the "buy now, pay later" trend.
- The trend of private credit companies backing the "buy now, pay later" craze is seen as a significant development in the US consumer finance landscape, with implications for consumers, lenders, and regulators alike.