On Monday, ASIC released its second report into the buy-now-pay-later industry (BNPL), which includes big players such as Afterpay and Zip. Many people in banking and finance have been calling for more regulation in the BNPL sector. ANZ CEO Shayne Elliot is in favour of tighter regulation for the consumer products and he spoke with Elysse about BNPL and the government’s proposed relaxation of responsible lending laws.
