Afterpay responds to concerns about financial hardship

About this item

Title

Afterpay responds to concerns about financial hardship

Content partner

Radio New Zealand

Collection

Radio New Zealand

Description

The Consumer Affairs Minister David Clark remains concerned that buy now pay later schemes have the potential to cause financial hardship and he's awaiting Ministry advice before deciding if further regulation is needed. The services including Afterpay allow people to get the goods with one upfront payment - clearing the balance in three further installments. They can be charged late fees if they default, but unlike credit cards there's no interest. They're also not covered by the Consumer ...

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Format

Audio

Date created

09 August 2022

Contributing partner

Checkpoint

URL

https://www.rnz.co.nz/national/programmes/checkpoint/audio/2018852815/afterpay-responds-to-concer...

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