ASIC’s lashes out on BPNL code of conduct, page-5

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Mado

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10/06/20

20:10

Post #: 45145248
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Originally posted by polarbear666: ↑

ASIC is packed with lefties who want control of people's lives and not great customer outcomes.

Luckily, Afterpay has achieved escape velocity and their BS doesn't matter. USA bigger than ANZ already.

Morrison liberals will have little appetite to clamp down on bnpl in this difficult economic environment, especially as the stuff that ASIC wanted didn't prevent the conduct that was the subject of the royal Commission... that's why ASIC hasn't used it's product intervention powers in bnpl as they have no moral authority or support from Gov

it's really moronic and i don't think they can make any logical argument that what they want is helpful given the tiny bad debts and endless positive outcomes that customer reviews list.

It's just lefty sour grapes at Aussie companies doing well globally and innovating. The CALC lawyers whined about payday loans for years claiming that if only they had low interest rates they would be much better... along comes a free product and they whine that ppl just shouldn't have credit at all... even free credit. . please be quiet and go live in a dictatorship if you hate financial freedom so much. / end rant.

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You can rant all you like,but as certain as night follows day,there will be regulation of BNPL.

When Eisner appeared before the recent hearing,he was so vocal about not being regulated,that it rang alarm bells.

APT Price at posting: $54.52 Sentiment: Hold Disclosure: Held
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ASIC’s lashes out on BPNL code of conduct, page-5

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