Tag: BNPL

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Policy

Buy Now Pay Later to be regulated as credit

“Loopholes” that allowed Australia’s $18 billion Buy Now Pay Later sector to explode with little regulation will be closed under an Albanese government plan to treat companies like Afterpay...

New regulation must close Buy Now Pay Later ‘loopholes’

Posted on   |  by Joseph Brookes
Consumer groups are urging the Albanese government to adopt the toughest regulatory model on the table for the booming $16 billion Buy Now Pay Later sector, warning vulnerable Australians...

CBA rejects claims of stifling BNPL competition

Posted on   |  by Joseph Brookes
Australia’s biggest bank has rejected the charge it is urging customers to close Buy Now Pay Later services to improve their prospects of a home loan, and that they...