Why Sezzle likely clears the BNPL bank charter race first: 3 signals

BNPL bank charter

Sezzle filed for a national bank charter months after Affirm and Klarna filed for industrial bank charters, yet the signals point to Sezzle reaching a public decision first, likely by 30 September 2027. Three dated indicators explain why the choice of regulator now matters more than the order of filing.

Cato triples store closures to 120: 70 more shut by year-end

Cato store closures 2026: half-empty racks in a strip-mall fashion store

The Cato Corporation will close about 120 stores in fiscal 2026 after adding roughly 70 lease-end exits on September 18, citing pressure on customers’ discretionary income. Second-quarter sales fell 6% and gross margin dropped to 32.8%, while a $5.7 million IEEPA tariff refund had flattered the first quarter.