Senate debates
Wednesday, 24 February 2021
Questions without Notice
Banking and Financial Services
2:21 pm
Stirling Griff (SA, Centre Alliance) Share this | Hansard source
Earlier this month the UK government published a review of the by-now pay-later industry and that review found the industry targets younger and less financially literate users, allowing them to access credit without checks and to hide debts from other lenders. Some users, of course, become trapped with unaffordable debts. That government chose to reclassify the services as credit providers and regulate them accordingly. When will this government do the same?
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