Posts tagged "Afterpay regulation"

Choice and Which? are among a consortium of consumer groups from nine countries calling for more regulation in the BNPL sector.

Frydenberg will promise to modernise payments regulation and oversight in order to keep pace with technology, and to better protect consumers.

The buy-now, pay-later sector in Australia is all grown up and ready for regulation, according to Commonwealth Bank chief Matt Comyn.

According to ASIC, some users are suffering financial stress to make BNPL payments, even skipping meals or missing bills. But the regulator has not imposed any new rules.

Buy-now-pay-later giants Afterpay and Zip have signed onto a new industry code of conduct to improve consumer protections... but merchants have missed out.

Should buy-now-pay-later services such as Afterpay be able to prevent merchants from passing on their fees to customers? Merchants say yes.

Commonwealth Bank has joined Snoop Dogg as a shareholder in buy-now-pay-later giant Klarna, with the intention of taking on Afterpay.

Now out the other side of regulatory scrutiny, BNPL players such as Afterpay and Humm are looking to a future with broader demographics.

Afterpay is going cap in hand to investors for support in realising ambitious growth targets by expanding overseas and "scaling" its SME business.

In light of the rise of buy-now-pay-later offerings, should the law be changed to make a distinction between credit and debt?

Only one in six major buy-now-pay-later providers are examining the income and existing debts of their customers, ASIC says.

Afterpay has had a tumultuous week as some of its clients welcome an inquiry that will cover its business.