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The culture sector in France is on the point of seismic change in the wake of President Emmanuel Macron’s decision to call snap legislative elections on 30 June and 7 July. The far-right National Rally (Rassemblement National, RN) won 33% of the popular vote in the first round with the left-wing New Popular Front (NFP) alliance on 28% and Macron’s centrist Together bloc on 21%.
With the introduction of the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 into Parliament, the Buy Now Pay Later (BNPL) industry now has enough detail to assess the impact of the expected changes on their existing customers, terms and compliance measures.
I was inspired to write this short letter after seeing individuals calling for Scheels to change their policies to closely match the new regulations rolled-out by Dick's Sporting Goods. For those unfamiliar, Dick's Sporting Goods will no longer sell high capacity magazines or modern sporting rifles.
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