Business
Afterpay’s hidden superpower – The Australian Financial Review
Afterpay has always been adept at shaping the regulatory settings it operates under. It will do the same in Britain, where a new crackdown is threatened.
The biggest problem, of course, is affordability, and the fact that most providers only perform basic credit checks (known as soft checks) on users. Afterpays British subsidiary, Clearpay, doesnt even do those.
The UK wants urgent action
In a letter to British Economic Secretary John Glenn, the author of the report, outgoing FCA executive Christopher Woolard, calls for urgent action on the buy now, pay later sector.
These products can be useful, but they can also be harmful if used poorly. There…
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