Financial Services Financial Services

New Zealand open banking could simplify affordability tests for Buy Now Pay Later products

By Laurel Henning
  • 23 Dec 2022 01:05
  • 23 Dec 2022 01:05
New Zealand's plans to develop a national data-portability program are set to move forward in 2023, following a recent government announcement that banking would be the first industry targeted by a national Consumer Data Right, or CDR, program.
A parallel government review of Buy Now Pay Later, or BNPL, products

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Laurel Henning

Senior Correspondent

Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and climate policies from Brussels. In that time, Laurel covered the regulation of emissions and technological developments pertaining to the energy sector within the EU, as well as the Paris agreement in 2015. A graduate of the University of Liverpool, Laurel studied English and French before beginning a career in journalism with MLex.

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