Credit is credit and needs credit check, full stop. You can observe from APT finances that a massive chunk of their earnings are actually from late fees. So APT expansion rely on circumventing the regulation and I believe this senate enquiry will enable extension of the regulation to finally reach afterpay. Such extension would literally destroy APT because its business model rely heavily on circumventing credit checks.
- Forums
- ASX - By Stock
- APT
- reason for late afternoon crash SMH article
reason for late afternoon crash SMH article, page-114
-
-
- There are more pages in this discussion • 129 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)