The Government has confirmed buy now, pay later providers will be able to charge whatever fees they want going forward.

Cabinet has agreed to remove some consumer protections from the Credit Contracts and Consumer Finance Act (CCCFA) to enable BNPL providers to set late or default fees at whatever levels they wish.

NZ Herald Wellington business editor Jenee Tibshraeny explains what this could mean for Kiwi consumers.

LISTEN ABOVE

The Government has confirmed buy now, pay later providers will be able to charge whatever fees they want going forward.
Cabinet has agreed to remove some consumer protections from the Credit Contracts and Consumer Finance Act (CCCFA) to enable BNPL providers to set late or default fees at whatever levels they wish.
NZ Herald Wellington business editor Jenee Tibshraeny explains what this could mean for Kiwi consumers.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on David Seymour removing regulations for buy now, pay later sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2e62f61b-6d8c-4b4b-894e-b1e80082de4c/transcript

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