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Buy now, pay later providers promise to strengthen code of conduct

A review commissioned by the sector and undertaken by ex-ASIC deputy chairman Peter Kell found the current arrangements were too vague. ....

United States , South Africa , Diane Tate , Peter Kell , Goldman Sachs , Australian Financial , Eastern Europe , Apple Pay Later , Apple Financing ,

Afterpay to capitulate on credit checking, as regulation strikes

Michael Saadat, senior executive at Block, which owns Afterpay, says it began credit checking US customers this year and will prepare to do so in Australia. ....

United Kingdom , Cynthia Scott , Diane Tate , Michael Saadat , Financial Services Stephen Jones , Australian Finance Industry Association , Financial Conduct Authority , Australian Credit Licence ,

Stephen Jones outlines plan for BNPL regulation

Consultation on improvements to the regulation of credit, including buy now, pay later products, will begin soon. The federal government has confirmed it is moving ahead with plans to regulate buy ....

New South Wales , United Kingdom , Stephen Jones , Jon Bragg , Diane Tate , Financial Services Stephen Jones , Australian Finance Industry Association , Responsible Lending , Borrowing Summit , Assistant Treasurer , Momentum Media , Investor Daily ,

New report stresses BNPL sectors sizable contribution to economy

A new report has emphasised the BNPL sectors key contribution to the Australian economy. As possible methods to regulate the buy now, pay later (BNPL) sector are deliberated by lawmakers, a new rep ....

Peter Gray , Stephen Jones , Maja Garaca Djurdjevic , Diane Tate , Australian Finance Industry Association , Momentum Media , Southeast Europe ,