‘Fast Path to Extreme Financial Hardship’: Consumer Groups Call for Buy Now, Pay Later Regulation

Afterpay logo is displayed in this illustration taken, Aug. 2, 2021. Dado Ruvic/ Reuters /Illustration

A group of international consumer groups across 10 countries, including Australia, New Zealand, and the United States, are calling for the urgent regulation of the Buy Now, Pay Later (BNPL) sector.

Australian consumer advocacy group CHOICE said new data showed that many Australians were struggling with debt from BNPL.