Reforms and review process agreed in August 2023

Shortly prior to the 2023 General Election, the Government agreed to undertake a review of consumer credit law.

It also:

  • made regulations relating to Buy Now Pay Later loans,
  • agreed to broaden exemptions relating to voluntary targeted rates schemes and requirements on certain non-financial service businesses, and
  • agreed in-principle to a permanent exemption for emergency events.

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Last updated: 24 April 2024