eisen was very supportive of product intervention powers extending to bnpl segment...
this allows asic to take action against specific bnpl providers where 'consumer harm' is caused...ie high loss rates
so if we were to war play, let's say zip continue to record higher loss rates quarter on quarter ...apt will argue product intervention powers will provide consumers the required safeguards as these powers will enable asic to penalise individual bnpl providers...ie zip
so it's a gamble ...given the regulatory framework of pip's, I'd focus more on a clean book...