On eve of new BNPL regulation, ‘new’ must be operative word
OPINION: Buy-now, pay-later is different to products we’ve seen and regulated in the past.
It begins with designing the right regulation around affordability checks.
Michael SaadatSun, 27 Nov 2022
Regulation should protect consumers, encourage positive social outcomes, and support, not stifle, innovation and competition. If the Government is to achieve those goals, it must design new regulations, and not dust off legacy mortgage and credit card laws for buy-now, pay-later (BNPL).
At the
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