Private Credit Quietly Backs the Craze Propping Up US Consumers

Private credit companies are increasingly backing the "buy now, pay later" craze that's propping up US consumers. This trend is throwing up red flags for credit raters, former regulatory chiefs and others on guard for potential risks. René Ismail explains… Private credit companies are increasingly backing the "buy now, pay later" craze that's propping up US consumers. This trend is throwing up red flags for credit raters, former regulatory chiefs and others on guard for potential risks. René Ismail explains (Source: Bloomberg)