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Because ‘buy now, pay later’ companies are not regulated under the National Credit Act, Afterpay is not legally required to observe responsible lending obligations. www.shutterstock.com

What’s the difference between credit and debt? How Afterpay and other ‘BNPL’ providers skirt consumer laws

By not charging interest, Afterpay and other 'buy now, pay later' providers avoid the rules of national consumer credit law.

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