BNPL is now the second most common form of consumer credit used by young Australians - except technically it’s not credit.
Articles on National Consumer Credit Protection Act
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In the first six months of 2021, Afterpay’s gross profit was US$284 million — about 150% more than the US$113 million profit it booked in the six months before the pandemic.
The National Consumer Credit Protection Amendment bill goes against two explicit recommendations of the banking royal commission.
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