New government commits to BNPL regulation
CHOICE and consumer groups welcome the Financial Services Minister’s commitment to regulate the buy now, pay later sector.
Credit Cards and Loans
Coalition of consumer groups calls for the next Parliament to regulate BNPL
CHOICE joins more than 100 organisations calling for a commitment to reining in the unregulated buy now, pay later sector.
Car dealers using buy now, pay later to get around responsible lending limits
CHOICE joins WA consumer groups to express alarm at reports of car dealers arranging BNPL loans for warranties.
Will using Afterpay affect your ability to get a home loan?
Afterpay users have been asked to close accounts to get a home loan, as BNPL providers expand into essential services.
Indigenous students still struggling with debt legacy from education loan scandal
The laptops for education scandal has left some students with an ongoing debt legacy even years later.
Debt collectors often overstepping guidelines
Financial counsellors say consumers are being harassed by debt collectors who ignore the regulator’s guidelines.
Financial giants enter the buy now, pay later market
But are the new BNPL services from Commonwealth Bank and PayPal any better for consumers?
Sky-high Velocity Global Wallet inactivity fees costing customers hundreds
A radical change in the travel money card’s terms and conditions has caught cardholders by surprise – and cost them plenty.
Are there better options than buy now, pay later?
BNPL services might seem fast and attractive to many consumers, but there are better options out there.
Does buy now, pay later need tighter regulation?
Buy now, pay later (BNPL) providers say their new self-regulation code of conduct is sufficient. We’re not so sure.