Business
Matt Comyn on Afterpay: ‘It looks like credit to me’ – The Australian Financial Review
The CBA boss responded to questions from both sides of politics on Afterpay and said the RBA will pressure its merchant fees.
Queensland Liberal MP Julian Simmonds said the product was popular in his household but “it does scare the bejesus out of me, in terms of the unsecured nature of the credit and how much people are looking at capacity to repay”.
Liberal MP Julian Simmonds has questions about whether buy now, pay later providers considered their customers’ broader circumstances.
He wanted to know from Mr Comyn about safeguards CBA and Klarna had in place to “consider the entirety of…
-
General24 hours agoAlbanese and Dutton go head-to-head in debate rematch
-
Noosa News24 hours agoQueensland cop cleared by court of stealing watches during anti-gang raid
-
Noosa News24 hours agoEaster weather forecast: What to expect in Sydney, Perth, Melbourne, Brisbane, Adelaide and Canberra
-
Noosa News14 hours agoIncrease in extreme weather events poses ‘substantial risk’ to blood supplies, researchers warn