As BNPL regulation looms, the finance sector will review its own self-regulatory framework
Drawn up with the help of industry participants like Afterpay, Zip, and Klarna, the Code of Practice is a set of opt-in rules designed to set minimum standards within the BNPL sector.
Labor plans to rein in BNPL under traditional credit laws, adding new regulatory scrutiny to pay-in-four providers
It's time to "start working on regulating" the BNPL sector "within the credit space", Financial Services Minister Stephen Jones said.
iSelect’s record $8.5 million fine highlights a systemic problem in the energy-comparison market
The $8.5 million fine imposed on iSelect in Australia for misleading conduct confirms the appalling state of the price-comparison market.
Royal commission reforms to “broken” banking code delayed as ombudsman urges scrutiny over get-out-of-jail clauses
It will be about 18 months before a royal commission banking code proposal is implemented after lobbyists pushed for a delay.
The new banking code looks impressive, but what does it mean for small businesses?
On July 1, the banking industry got yet another code of conduct, and although it is voluntary, all of the retail banks have signed up.
New banking Code of Practice levels SME playing field, but Ombudsman disappointed at $3 million loan threshold
A newly minted banking Code of Practice has been heralded as a win for small business in the aftermath of the banking royal commission.
