Possible price target $3, page-9

the fed court just handed down their responsible lending decision , wbc vs asic.

asic lost, for the second time

the nccp legislation remains principle based, and this is very, very unlikely to change any time soon.

this means light touch 'responsible lending' obligations will be imposed, by way of

a) principles based rules (euphemism for 'do what you like til asic take you to court to then lose...just like their recent wbc experience)

or

b) bnpl code of conduct (which will do little to dent the way bnpl business models engage with their customers

so, sit down ..learn more about how this bnpl industry functions