Australia's buy now, pay later industry is facing tough new laws aimed at better protecting the millions of people who use the products. 9News
is facing tough new laws aimed at better protecting the millions of people who use the products.
But there have been concerns this could lead to financial stress if consumers take on too much debt or can't keep up with payments and are charged interest fees. BNPL isn't currently regulated in the same way as credit cards, and the vast majority of its users are aged under 35.
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