
Surge in unregulated buy-now-pay-later raises affordability concerns
Credit expansion is coming almost entirely from the deeper use of cards and personal loans by current credit-active consumers, rather than fresh market entrants, says RCS.
Credit expansion is coming almost entirely from the deeper use of cards and personal loans by current credit-active consumers, rather than fresh market entrants, says RCS.
The changes, which include stricter compliance rules and clearer protocols for stopping debit orders, are designed to streamline the process and protect consumers.
The revised draft of PCC 23A brings further clarity to the interpretation of credit providers under the Financial Intelligence Centre Act.
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