fintech / news / / Australian Financial Review
Afterpay says the federal government needs to clarify its new rules on buy now, pay later providers.
Afterpay warns the new rules will introduce significant regulatory uncertainty for buy now, pay later providers.
KEY POINTS
- The government proposes requiring buy now, pay later firms to obtain information on customers’ incomes and expenses.
- Submissions to Treasury have reopened disputes about applying responsible lending laws to short-term credit products.
- Afterpay argues current proposals do not adequately reflect how millions actually use buy now, pay later services.
COMPANIES
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