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The Latest Breaking News from Lauren Saunders

‘How did I get approved for $30,000?’: is buy now, pay later headed for a fall?

Advocates worry debt burden is worse with installment payments as credit card debt balloons to over $1tn in US

The Guardian - US

GOP takes aim at CFPB overdraft rule

The rule limits most big bank overdraft charges to $5, down from the standard $35 per transaction

Salon

Elizabeth Warren blasts JPMorgan over potential checking account fees

"Will JPMorgan Chase reduce executive pay instead of imposing new fees on its customers?"

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Chase plans to hit consumers with additional account fees: 'People should take their business elsewhere'

Other big banks could follow suit.

Fortune

Millennial Money: The credit-building road with alternative credit cards could be bumpy

So-called alternative credit cards from financial technology companies can offer you the opportunity to build credit when your options are limited, and they tend to lower or eliminate many barriers along that path

The Independent UK

Plant-based ‘pay what you can’ cafe announces closure after four years

Wild Thing opened in Grangetown in 2018 and moved to Cathays in 2020

Wales Online

Apple rolls out buy now, pay later service, with guardrails

Apple is getting into the buy now, pay later space with a few tweaks to the existing model, including no option to pay with a credit card

The Independent UK

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EXPLAINER: What to know about 'buy now, pay later'

If you shop online for clothes or furniture, sneakers or concert tickets, you’ve seen the option at checkout to “buy now, pay later” by breaking the cost into smaller installments over time

People

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