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.

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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This is a daily news podcast for young people in Australia. Join The Daily Aus team every weekday morning as we cover the news in your language. We’re a newsroom of young journalists, delivering news for young people.
TDA is completely independent. We are not owned by any larger media company.

This is a daily news podcast that breaks down issues important to young people in Australia.

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The Daily Aus podcast is a five-minute entree to your news diet, and is presented by co-founders Sam (27) and Zara (25). Join them every weekday morning as they cover the news of the day in your language and take a deep dive into the biggest story of the day so that you’re armed with talking points when you meet your blind date, get caught chatting in the coffee line or have to face the in-laws. Over 400,000 Australians get their news from The Daily Aus on Instagram, and now they're hitting your headphones.

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

https://api.omny.fm/orgs/fa326977-3de5-4283-9b8b-af3500c58607/clips/60034e79-f871-47d1-bfcb-b00a00cc0308/transcript

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