Cash-strapped people will be pushed towards riskier payday loans, buy now, pay later and debt consolidation products, the head of the Australian Securities and Investments Commission warns.
The Department of Treasury intends to overhaul the multi-billion dollar industry and bring in tougher regulations for services like Afterpay and Zippay.
Livewire trades in the currency of ideas. Ideas from the leading minds in Australia and abroad, all in the name of making you better investors. You can understand my consternation, then, when Ken Liow, REALM Investment House’s head of strategy and risk, said this during what I thought would.