US EditionAustralia: ASIC undertakes consultation on Buy Now Pay Later regulatory guidance
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Australia: ASIC undertakes consultation on Buy Now Pay Later regulatory guidance
ASIC has released a draft regulatory guide alongside a consultation paper intended to help providers of Buy Now Pay Later services understand the modified responsible lending obligations and requirements. In brief On 7 February 2025, ASIC announced a consultation on its proposed guidance for providers of low cost credit contracts (LCCCs), including most Buy Now Pay Later (BNPL) products. Regulatory Guide 000 Low cost credit contracts (“Draft RG …
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