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ASIC to crack down on predatory lending

Transcripts for BBCNEWS World Business Report 20240604 04:49:00

thing for both. so it is effectively a good thing for both. so it is effectively a good thin for both. ., ., , thing for both. now, there has been a huge thing for both. now, there has been a huge boom thing for both. now, there has been a huge boom in - thing for both. now, there has been a huge boom in now, - thing for both. now, there hasj been a huge boom in now, pay later services. providers still need to perform soft credit checks on their customers if they are using open banking? i would say banking is a great enabler for notjust by now pay later, but i would say credit issuance at large. in this way, all those credit providers can in real time access consumers bank data, use this data and process it and effectively make a determination that is based on the most actual, most real time effectively banking data. it is a way to do in very real time affordability check that hopefully will increase protection for consumers. band protection for consumers. and what about protect

Ouch: loan applicant paid out almost R59k in a scam — don t be next

Transcripts for BBCNEWS BBC News 20211209 09:52:00

table and being able to put food on the table. ., .., ., , ., , .,, table. how common is it that people turn to credit table. how common is it that people turn to credit providers table. how common is it that people turn to credit providers at table. how common is it that people turn to credit providers at this - turn to credit providers at this time and are using a sort of resurgence in loan sharks and the like? so resurgence in loan sharks and the like? ., , resurgence in loan sharks and the like? , , like? so we do see people using credit providers like? so we do see people using credit providers increasingly - like? so we do see people using credit providers increasingly at l credit providers increasingly at christmas. sometimes that isn t a problem christmas. sometimes that isn t a problem. people can choose to use these problem. people can choose to use these products because they have a financial these products because they have a financial plan of how they are go

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