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…
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