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Page 4 - ஆஸ்திரேலிய நிதி தொழில் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New rules for buy now, pay later | Tweed Daily News

New rules for buy now, pay later | Daily Examiner

Australia s buy now, pay later titans are reportedly days away from signing a new code of conduct, capping late fees and forcing credit checks on large transactions

Igor Golovniov/SOPA Images/LightRocket/Getty Images Market leaders in Australia’s buy now, pay later sector are set to follow a new, self-regulatory code of practice from Monday. Players like Afterpay and Zip will reportedly pledge to cap customer transactions at $2,000 and install limits on fees But consumer advocates argue the sector should face stricter oversight from Australia’s financial sector watchdogs. After years of consultation with financial watchdogs and concerned consumer groups, Australia’s booming buy now, pay later (BNPL) sector is a week away from unveiling its new code of practice – and key details of the self-regulatory framework have now been revealed.

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