They already conduct credit checks and have done for some time. The new regulations are more sinister for BNPL providers - they require lenders to enquire into prospective borrowers and make sure loans are 'not unsuitable' which entails ensuring that borrowers are not over committed, in keeping with Responsible Lending Obligations. Only very small BNPL will be exempt and unlike the HEMS index for other Credit Licence holders there will be no defined rules. Same rules in US, Aus, NZ, UK. Nightmare for BNPL providers relying on fees from the poor who can't otherwise get credit
They already conduct credit checks and have done for some time....
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Last
72.0¢ |
Change
0.010(1.41%) |
Mkt cap ! $354.0M | |||
| Open | High | Low | Value | Volume |
| 68.0¢ | 72.5¢ | 68.0¢ | $418.1K | 584.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19996 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 3000 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| HUM (ASX) Chart |