Banks accused of bias against BNPL in lending process subscribe A A An executive from buy now, pay later provider Zip has echoed reports from brokers around how banks treat home loan applicants who have used the payment method. Speaking to the parliamentary joint committee on corporations and financial services on Monday, Zip Co co-founder and chief operating officer Peter Gray launched some accusations against some unnamed banks of anticompetitive conduct. One of the claims Mr Gray made was that the primary reason for customers deleting their Zip accounts is their bank had told them they needed to drop their buy now, pay later provider in order to secure a mortgage.