The Austria Financial Market Authority released the April edition and second episode of its “Reden wir über Geld” consumer podcast, focusing on consumer lending and the temptations and risks associated with buy now, pay later and other deferred-payment models. FMA experts Fiona Springer and Patricia Floh-Weninger outline different types of payment deferrals and what consumers should watch for, including high interest rates that can materially increase the total cost of purchases and the risk of losing track of personal finances when using instalments, credit cards and similar financing arrangements. A dedicated “Fraud of the episode” segment covers advance payment loan fraud, where an upfront fee is requested before a purported loan disbursement that never happens; the episode is available on major podcast platforms and via the podcast website.
Austria Financial Market Authority 2025-04-10
Austria Financial Market Authority publishes consumer podcast episode on buy now pay later and consumer lending risks
The Austria Financial Market Authority released the April edition of its “Reden wir über Geld” podcast, focusing on consumer lending and the risks of buy now, pay later models. FMA experts discuss high interest rates and financial management challenges associated with deferred payments. The episode also highlights advance payment loan fraud.