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.
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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