In Episode #4 of GAAP Chats, hosts Mike Walworth and Chris Brundrett explore the meteoric rise (and potentially the spectacular fall?) of Buy Now, Pay Later (BNPL) loans. In this episode we learn more about the buy now, pay later industry, including how it works, who uses it, its key players, and the accounting and regulatory issues facing entities that issue these types of loans.
Resources:
The Atlantic: The 'Buy Now. Pay Later' Bubble Is About To Burst
eLearning Course: Credit Losses: Introduction to the CECL Model
Podcast Transcript Notes
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