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BNPL products will now have similar regulation to credit cards

May 22, 2023

After years of scrutiny, BNPL products will now be regulated under The Credits Act, according to Assistant Treasurer Stephen Jones.

Derek Rose Stephen Jones Rehan Dalmeida Simon Docherty Michael Saadat Australian Finance Industry Association

Source: smartcompany.com.au

Buy now, pay later industry to be regulated under Credit Act as part of changes by federal government

May 21, 2023

Buy now, pay later services, including Afterpay and Zip Pay, will be regulated under the Credit Act and required to obtain an Australian Credit Licence under proposed changes by the federal government.

Stephen Jones Financial Services Australian Financial Services Licence Financial Services Minister Stephen Jones Responsible Lending Borrowing Conference

Source: abc.net.au

Australia politics live: Chalmers promises action on consultants' 'inexcusable' use of government secrets; BNPL reforms to be announced | Australian politics

May 21, 2023

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Australian Capital Territory Zoe Daniel Penny Wong Daniel Hurst Josh Butler Amy Remeikis

Source: theguardian.com

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Borrowing Conference News Today

BNPL products will now have similar regulation to credit cards

Buy now, pay later industry to be regulated under Credit Act as part of changes by federal government

Australia politics live: Chalmers promises action on consultants' 'inexcusable' use of government secrets; BNPL reforms to be announced | Australian politics

Explore More Categories