I guess you all dont have a view of where responsible lending is heading. In the future it will no longer be about disclosure which assumes consumers are rational or reasonable inquiries i.e. credit checks/ verifying income.
Rather the future direction will also be based on fair outcomes, i.e. the concept of good conduct.
Is a fixed fee fair regardless of the size of the initial purchase? Many would argue not. Have a look at what happened to default interest fees and charges...
Dont get me wrong, I am a supporter of APT. I just think this is a predictable outcome that APT would have been planning for and I would be very surprised if they hadnt built their model with a view on regulatory expectations. If anything, it indicates a maturity milestone- APT is out of the regulatory sandbox and is now being taken seriously.
APT Price at posting:
$5.53 Sentiment: Hold Disclosure: Held
