The Government have ditched plans to implement tougher regulations on Buy Now, Pay Later providers.

They had initially proposed requiring affordability tests on purchases above $600 to ensure users could manage taking on debt, but have since ruled it 'too onerous'.

NZ Herald Wellington business editor Jenee Tibshraeny says the Government may have been spooked by the fallout from the CCCFA changes, and will want to avoid a similar situation.

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The Government have ditched plans to implement tougher regulations on Buy Now, Pay Later providers.
They had initially proposed requiring affordability tests on purchases above $600 to ensure users could manage taking on debt, but have since ruled it 'too onerous'.
NZ Herald Wellington business editor Jenee Tibshraeny says the Government may have been spooked by the fallout from the CCCFA changes, and will want to avoid a similar situation.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Jenee Tibshraeny: NZ Herald Wellington business editor on the Government ditching plans to implement tougher regulations on Buy Now, Pay Later providers