New York state law takes aim at personalized pricing

New York state law takes aim at personalized pricing

New York’s latest state budget includes new disclosure requirements for businesses that use personal data to set different prices for different shoppers — for example, charging you more if you have a history of splurging. Businesses that use personalized pricing are now required to tell customers, “This price was set by an algorithm using your…

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BNPL is expanding fast, and that should worry everyone

BNPL is expanding fast, and that should worry everyone

When Nigel Morris tells you he’s worried about the economy, you listen. As industry observers know, Morris co-founded Capital One and pioneered lending to subprime borrowers, building an empire on understanding exactly how much financial stress the average American can handle. Now, as an early investor in Klarna and other buy-now-pay-later companies like Aplazo in…

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