ASX-listed lender Plenti failed to convince the Australian Competition Tribunal last year that buy now, pay later deals for funding rooftop solar and battery installations require the same responsible lending checks as its regulated, interest-bearing product.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
