The Buy Now Pay Later Conundrum!

APRA has released updated guidelines on how banks should count Buy Now Pay Later and HECS debt when assessing mortgage repayments. Weirdly banks seem to not have been doing this routinely.

https://www.apra.gov.au/proposed-revisions-to-credit-risk-management-framework-for-authorised-deposit-taking-institutions

We discuss the implication as the share price of BNPL stocks go down the gurgler.

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