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Business / General

Private Credit Is Betting on Consumer Debt at a Precarious Time

Source: bloombergMarkets July 2, 2026 · 14:02
Bloomberg's Rene Ismail joins Scarlet Fu on "Bloomberg Real Yield." The private credit industry was dubbed “shadow banking” as it took business away from traditional lenders. Buy Now, Pay Later companies have been referred to as hawking “phantom debt” that falls outside Wall Street’s typical tracking methods. (Source: Bloomberg)
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