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Buy now pay later schemes will soon be treated like credit cards

Buy now pay later schemes will soon be treated like credit cards

by Ashleigh Wright | May 26, 2023 | Govt & Politics, News

The federal government will regulate buy now, pay later (BNPL) schemes as credit products, due to the “growing dangers” of cash-strapped Australian consumers falling into debt. Assistant Treasurer and Illawarra Labor MP Stephen Jones announced the reforms on Monday...

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