ASIC deputy chair warns predatory lending ‘endemic’ in Australia - Sydney Morning Herald

The corporate regulator has launched legal action against Rent4Keeps and Layaway Depot alleging these companies have evaded credit provisions to target vulnerable Australians.

Australias BNPL industry has also attracted the ire of consumer groups for escaping consumer protection obligations credit card providers must adhere to. Court confirmed Australians face financial di… [+1397 chars]

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