# PayPal Holdings Inc (PYPL.O) wants buy-now-pay-later (BNPL) loans subjected to consumer protection law.

*fintech · news · 2022-09-27 · Reuters*

## Key points

- PayPal has publicly called for BNPL loans to be regulated under consumer protection laws in Australia.
- PayPal supports mandatory credit licenses and suitability checks for BNPL providers above a set threshold.
- PayPal proposed a bespoke BNPL credit reporting framework with fewer costs than traditional credit reporting.
- Most BNPL providers argue for self-regulation, while PayPal backs formal government regulation.
- Australia's government aims to enact BNPL regulation in 2023 amid rapid sector growth.

**Companies:** PayPal Holdings Inc, Block Inc
**Countries:** Australia, United States

[Read the full story on Reuters](https://www.reuters.com/business/finance/paypal-tells-australia-it-supports-buy-now-pay-later-regulation-2023-02-16/)

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