Late Fees
topic on 4 shows · 4 statements across 4 episodes
Founder's Journal 
Sourcery 
the a16z Podcast 
20VC
4 statements about Late Fees, every show
Levchin: Affirm will never charge late fees or use deferred interest
“There will never be an asterisk on a firm zero. That, that is the origin story of why we don't charge late fees, we don't do deferred interest, all the sort of gimmicks and gotchas that the industry loves to throw at people.”
Most US Banks Derive Disproportionate Income From Late Fees
“I never looked in a little while, but majority of American banks derive a disproportionate percentage of their income from late fees”
Levchin: Companies shouldn't build profit models on late fee increases
“People should not be building their profit models based on I'll just raise the amount of late fee.”