Major banks are reassessing how they treat customers who rely on “buy now, pay later” services, amid concern that the short-term installment loans are not being reported consistently to credit bureaus, according to the Wall Street Journal. Without clear visibility into borrowers’ repayment behavior, lenders say they may impose tougher terms or higher interest rates on BNPL users. BNPL providers Klarna and Afterpay have pushed FICO to consider only positive repayment information when calculating credit scores, industry sources said. The firms have so far shared limited loan data with credit reporting agencies, arguing that full disclosure could unfairly depress consumer ratings and slow adoption of their products. The debate over transparency comes as BNPL volumes surge in Asia, fueled by capital from private credit funds. While lenders say the model expands access to underserved customers, several Asian governments have issued consumer-protection warnings, citing the potential for high effective interest rates and rising household debt.