Buy Now Pay (Pain?) Later

The authors thank Camelia Kuhnen (editor), Andrew Glover, Shawn Shi, David Kim, Aditi Khatri (discussant), two anonymous reviewers, and workshop participants at the University of California Irvine, Chinese University of Hong Kong, Hong Kong Polytechnic University, Massachusetts Institute of Technology, University of New South Wales, La Trobe University, the 2022 OCC Symposium on the Implications of Financial Technology for Banking, the 2022 CFPB Research Conference, and the 2023 Financial Accounting and Reporting Section midyear meeting for helpful comments.