Afterpay must be regulated, consumer groups warn

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Afterpay must be regulated, consumer groups warnA coalition of consumer groups has called on the federal government to regulate Afterpay and other 'buy now, pay later' services.
Source: theage - 🏆 8. / 77 Read more »

Afterpay must be regulated, consumer groups warnA coalition of consumer groups have called on the government to regulate Afterpay and other 'buy now, pay later' services | ErykBagshaw ErykBagshaw Why? After pay is great ! ErykBagshaw Hahaha so the banks want it regulated because they most out? Priceless ErykBagshaw It's sweet, it works, why pay all at once when you can do 4 weekly instalments... All products come with warranty I don't see why disinformation is necessary here this could be business class slander which is in fact a court case potentially.
Source: smh - 🏆 6. / 80 Read more »

Afterpay hits back at banks, consumer groupsAfterpay fires back at its competitors amid an escalating dispute with the big banks over looming regulations on the 'buy now, pay later' industry | ErykBagshaw ErykBagshaw Some actual analysis of how Afterpay ACTUALLY works (less emotional language, more numbers):
Source: smh - 🏆 6. / 80 Read more »

You can't legislate against greed: Financial analyst warns consumers to be cautious after banking Royal CommissionThe superannuation and home loan sectors are facing a dramatic overhaul after a damning report from the banking Royal Commission. Yes you can. Either a fine so large it's not worth the attempt; or prison time for top brasses. Try that and see how it goes. Putting the onus on consumers is a bit much Aunty. If you can regulate the mafia, tax the hell outta of the mafia!!! TaxTheSuperConglomerateOrganisations They have total control on you, pollies, and society I mean, they could nationalise the banks...
Source: abcnews - 🏆 5. / 83 Read more »

Afterpay accessing electoral roll data under laws designed to target terrorism, money launderingThe confidential electoral roll data of more than 16 million Australians is being used by buy-now-pay-later providers, debt collectors, marketing giants and betting agencies. ErykBagshaw Lol so what ErykBagshaw Can this be considered as a breach of trust and law? Or the law has changed and we didn't know? auspol arielbogle ErykBagshaw BREAKING : Data being used exactly as designed, intended and in fact *required* by the Act. Anti Money Laundering laws force all credit providers to check these lists.
Source: smh - 🏆 6. / 80 Read more »

Millennials turning to Afterpay to cover dental costs | Sky News AustraliaMillennials are turning to Afterpay to cover their dental costs as they shun private health insurance. \n\nThe buy-now-pay-later service was offered to Primary Health Care’s dental surgeries last year, which resulted in 800 new customers in just eight weeks. \n\nReports suggest buy-now-pay-later schemes could push up the cost of insurance premiums, due to less young, healthy people signing up and reducing the average premium. \n\nMillennials have one of the lowest participation rates in private health, and general dental is not covered by Medicare. \n\n\n\n\n\n\n\n\n\n Gary_Hardgrave How are you going to fund it? More deficit and debt? Gary_Hardgrave Does this guy not know how economics works? Gary_Hardgrave Three stooges make a comeback.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Afterpay accessing electoral roll data under laws designed to target terrorism, money launderingThe confidential electoral roll data of more than 16 million Australians is being used by buy-now-pay-later providers, debt collectors, marketing giants and betting agencies. What an amazing scoop ErykBagshaw ! No. No. No!
Source: theage - 🏆 8. / 77 Read more »

Afterpay, Zip under fire for seducing young people into debts they can't affordThe banking royal commission shone a spotlight on how credit cards and loans put Australians into financial difficulty, but a Senate inquiry is hearing how the rapidly growing 'buy now, pay later' sector is doing the same to many young people. Young people without a financial clue looking for someone to blame clutch at straws. When do we get a personal finance unit in secondary school? It could cover budget planning, superannuation, banking and borrowing, insurance and financial planning JamesMerlinoMP So how about stop buying things you can’t afford or don’t need? You mean dumb people spend money they don’t have on things they don’t need.
Source: abcnews - 🏆 5. / 83 Read more »

Millennials turning to Afterpay to cover dental costs - pushing up insurance premiums | Sky News AustraliaMillennials are turning to Afterpay to cover their dental costs as they shun private health insurance. \n\nThe buy-now-pay-later service was offered to Primary Health Care’s dental surgeries last year, which resulted in 800 new customers in just eight weeks. \n\nReports suggest buy-now-pay-later schemes could push up the cost of insurance premiums, due to less young, healthy people signing up and reducing the average premium. \n\nMillennials have one of the lowest participation rates in private health, and general dental is not covered by Medicare. \n\n\n\n\n\n\n\n\n\n Stop drinking coke,energy drinks.Australian millennials are drinking approx. 1.5l of soft drink per day. As per recent survey.Then you wont need dentist. Dentists have Afterpay?
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Cracked Opal Tower just 'tip of iceberg' in under regulated building industryThe Sydney Opal Tower incident is just the “tip of the iceberg” in a building industry content to dodge corners with its “she’ll be right” culture, experts warn. Is there any fact in this or just another bullshit thought bubble. I think it is Greed & corrupt authorities are the root cause of fostering an environment for dodgy operations. No, that’s an alarmist view. While that view certainly has merit, the Strata Community Association & Builders Collective have a vested interest in representing that viewpoint doyourresearch tabloidjournaliam
Source: SBSNews - 🏆 3. / 89 Read more »