Afterpay looks to new paths to profit – The Australian Financial Review

While the report found many users were struggling with repayments and that there was consumer harm, ASIC said it trusted the sector to self-regulate.
“It’s never been a point about avoiding regulation,” Mr Eisen said. “One hundred per cent, customer harms need to be protected.”
He praised the regulator for pursuing what he called a “fit for purpose” approach in overseeing the fast growing industry, and for recognising that Afterpay was differentiated from the broader sector.
Mr Eisen, who said at…

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