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> consumer harm If there was a flat limit on the total you could end up paying, maybe… but there isn’t. Giving cheap loans to people who can’t pay them isn’t
by wokwokwok 5y ago
> consumer harm
If there was a flat limit on the total you could end up paying, maybe… but there isn’t.
Giving cheap loans to people who can’t pay them isn’t “just fine”, it’s predatory behaviour.
…but anyway, regardless of either of our opinions, it increasingly looks like it’s going to be legally regulated, so, the point is it’s a risky play for Microsoft.
- lomoeffect 5y agoNot really. Anyone who follows the BNPL space knows that it will end up regulated. The UK government has been very clear about this for the last year and are actively consulting on it.
- lukeramsden 5y agoThere are also offerings that are already regulated and licensed by the FCA, so as long as you stay within their consumer credit guidelines it's not a "risky play".