Consumer groups are urging the Albanese government to adopt the toughest regulatory model on the table for the booming $16 billion Buy Now Pay Later sector, warning vulnerable Australians are foregoing essentials to meet mounting digital debts. Assistant Treasurer Stephen Jones, who has pushed for greater scrutiny of the sector, on Monday launched a consultation…

The post New regulation must close Buy Now Pay Later ‘loopholes’ appeared first on InnovationAus.com.

This post was originally published on InnovationAus.com.