FICO is implementing a new credit scoring model that will factor in “Buy Now, Pay Later” (BNPL) loans, which previously weren’t considered in credit scores. This change, available to lenders this fall, aims to give a clearer picture of consumer repayment behavior, though widespread adoption may take time. The integration of BNPL loans could help consumers who pay on time improve their credit scores, while also providing a more accurate assessment of a consumer’s financial obligations. However, concerns exist that integrating BNPL into credit scores could negatively affect those already facing credit challenges, despite the possibility of an increase in credit score for some users.
Read More
Zelensky accused Slovak Prime Minister Fico of acting on Putin’s orders to cut off Ukraine’s crucial winter electricity supply, framing the threat as a second energy front against Ukraine. The Ukrainian president asserted that such actions would violate EU energy market rules and damage Slovakia’s relationship with the European community. Ukraine’s Foreign Ministry emphasized that electricity supplies are paid for, not charity, and Fico’s threats align him with Putin. Fico’s threat followed a meeting with Putin and stems from Slovakia’s significant reliance on Russian gas despite EU efforts to diversify energy sources.
Read More
Ukraine joining NATO has become a contentious issue, with Slovakia PM Fico boldly declaring that it will never happen on his watch. Such a statement leaves a lot of room for interpretation, especially considering Fico’s age and health conditions. The odds seem stacked against him, with health concerns looming overhead. But does his personal timeline really dictate the future of diplomatic relations and military alliances?
Fico’s assertion that “freedom came from the East” is a gross oversimplification of historical events. The Soviet reign of terror, the crushing of the Prague Spring, and the blood spilled by invaders are not easily forgotten.… Continue reading
John Q. Hosedrinker