Private credit and buy-now-pay-later firms are teaming up to cut banks out of the consumer finance supply chain.
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Looser regulations might be leading Swedish buy-now-pay-later firm Klarna to choose the US over the UK to host its IPO.
Stocks are mostly stuck in neutral as investors await two key pieces of data on Wednesday.
Many people are using buy now, pay later (BNPL) options to circumvent more rigid aspects of credit cards, The Wall Street Journal reported.