Max Levchin on BNPL Concerns, US Consumer and Inflation

This podcast episode explores various aspects of the consumer lending industry, including delinquencies, phantom debt, underwriting standards, and consumer spending. The CEO emphasizes the company's commitment to underwriting every transaction and the importance of accurate credit reporting. The podcast also discusses the advantages of the Paying For model in eliminating interest and revolving credit. Despite concerns about phantom debt, the podcast highlights the small scale and widespread reporting of Paying For loans. The discussion also touches on the state of consumer spending and its relationship to inflation, with caution against excessive reliance on credit. Overall, the episode provides insights into the industry's performance, standards, and the impact of inflation on consumer behavior.