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Credit Card Reform Legislation Would Tighten Rules On Rates And Fees

Australia Sets to Regulate 'Buy Now, Pay Later' Finance Firms Under Credit Law

BNPL finance firms will be needed to lend obligations and hold credit licenses in Australia. The Australian government announced on Monday that it would be introducing laws to consider "Buy Now, Pay Later' services as credit products, in an effort to protect consumers in an unregulated industry.

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