Nick Wolney

That was introduced by Senator Hawley of Missouri, which was not on my bingo card that he would be the one to introduce that.

That was introduced by Senator Hawley of Missouri, which was not on my bingo card that he would be the one to introduce that.

That was introduced by Senator Hawley of Missouri, which was not on my bingo card that he would be the one to introduce that.

The last time it was introduced, it was introduced by Bernie Sanders. And AOC, sometimes politicians will introduce these laws even though they know they're going to die in a vote because it's a good political gambit for them, right? So Senator Hawley, when he's out on the campaign trail, people say, like, you're not fighting for the little guy. He'd be like, yeah, I did.

The last time it was introduced, it was introduced by Bernie Sanders. And AOC, sometimes politicians will introduce these laws even though they know they're going to die in a vote because it's a good political gambit for them, right? So Senator Hawley, when he's out on the campaign trail, people say, like, you're not fighting for the little guy. He'd be like, yeah, I did.

The last time it was introduced, it was introduced by Bernie Sanders. And AOC, sometimes politicians will introduce these laws even though they know they're going to die in a vote because it's a good political gambit for them, right? So Senator Hawley, when he's out on the campaign trail, people say, like, you're not fighting for the little guy. He'd be like, yeah, I did.

You know, I introduced this bill. You know, even though, you know, there's a tremendous amount of lobbying money from banks, understandably, that is flowing through DC at any given moment. So while we do see some of these different pieces of legislation emerge, you know, you go online to look at the status of the bill and it's been introduced.

You know, I introduced this bill. You know, even though, you know, there's a tremendous amount of lobbying money from banks, understandably, that is flowing through DC at any given moment. So while we do see some of these different pieces of legislation emerge, you know, you go online to look at the status of the bill and it's been introduced.

You know, I introduced this bill. You know, even though, you know, there's a tremendous amount of lobbying money from banks, understandably, that is flowing through DC at any given moment. So while we do see some of these different pieces of legislation emerge, you know, you go online to look at the status of the bill and it's been introduced.

You know, the stage that it's in is, okay, it's been introduced and it's with the committee and, you know, it's unlikely that it's going to see the light of day again.

You know, the stage that it's in is, okay, it's been introduced and it's with the committee and, you know, it's unlikely that it's going to see the light of day again.

You know, the stage that it's in is, okay, it's been introduced and it's with the committee and, you know, it's unlikely that it's going to see the light of day again.

There is. There is a policy fix. Whether or not we can bring it to fruition, I think, is the challenge. So the most immediate policy fix would be to cap interest rates and to just allow us to stop the bleeding in terms of consumers falling deeper and deeper into into debt, taking a really good look at what are the limits that we are extending to consumers.

There is. There is a policy fix. Whether or not we can bring it to fruition, I think, is the challenge. So the most immediate policy fix would be to cap interest rates and to just allow us to stop the bleeding in terms of consumers falling deeper and deeper into into debt, taking a really good look at what are the limits that we are extending to consumers.

There is. There is a policy fix. Whether or not we can bring it to fruition, I think, is the challenge. So the most immediate policy fix would be to cap interest rates and to just allow us to stop the bleeding in terms of consumers falling deeper and deeper into into debt, taking a really good look at what are the limits that we are extending to consumers.

We've got another, I'll just say it, we've got another villain in the picture, and that villain's name is Buy Now, Pay Later.

We've got another, I'll just say it, we've got another villain in the picture, and that villain's name is Buy Now, Pay Later.

We've got another, I'll just say it, we've got another villain in the picture, and that villain's name is Buy Now, Pay Later.

Yeah. And so what's tricky about Buy Now, Pay Later is that those companies have been skirting reporting requirements. And so for many people, we can't even see how much that they have out on Buy Now, Pay Later. At Bloomberg did a Harris poll last month where they found that a third of respondents said they have over $1,000 out on buy now, pay later. And this is four payments over six weeks.

Yeah. And so what's tricky about Buy Now, Pay Later is that those companies have been skirting reporting requirements. And so for many people, we can't even see how much that they have out on Buy Now, Pay Later. At Bloomberg did a Harris poll last month where they found that a third of respondents said they have over $1,000 out on buy now, pay later. And this is four payments over six weeks.