Affirm chief executive calls for cap on ‘buy now, pay later’ fees
Max Levchin says limits on such penalties will force companies to improve their underwriting models
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CEOs don’t call the shots
Much of their time is spent appeasing and aligning competing forces
Private credit firms pile into consumer debt as risk-taking mounts
Growth raises concerns about underwriting and risk management at fast-expanding groups
So much of credit securitisation still relies on magical thinking
Rather than financial alchemy, such deals involve mispricing, reduced capital buffers and hidden risks
Top US financiers sound alarm on lending standards
Apollo’s Marc Rowan warns of ‘willingness to cut corners’
UK regulator pushes private credit groups to share more data
Fast-growing market comes under greater scrutiny for potential risks after series of setbacks
We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn