Australia hits buy-now-pay-later sector with consumer credit law
![Australia hits buy-now-pay-later sector with consumer credit law Australia hits buy-now-pay-later sector with consumer credit law](https://www.reuters.com/resizer/4Yx-Ea2d6-0g5unKHEGmrbvKnIk=/1200x628/smart/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZQSOBXUZ4NMRNAGARAAS5GWJK4.jpg)
BNPL providers must carry out background checks before lending Must notify customers when credit limits increase Zip COO: Change would mean “business as usual” SYDNEY, May 22 (Reuters) – Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in … [Read more…]