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Why the ‘buy now, pay later’ industry is going to be regulated

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The Federal Government has announced a crackdown on ‘buy now, pay later’ schemes.

The charity Good Shepherd found in a survey last year that around 73% of their clients had sacrificed essential items or payments in order to pay off ‘buy now, pay later’ debt.

In today’s deep dive we look at what regulations the government is proposing, and we speak to Dr Roslyn Russell, Director of Research and Advocacy at Good Shepherd about whether they will go far enough.

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