"Money3 also believes that closing this loophole would benefit MNY and its market position.”
It seems that the regulatory risk is in their favour this time.
Less loans going through less-scrupulous pathways leaves more on the table for MNY. This should be having more of an effect now.
"On 1 November, ASIC stated that its ban on flex commissions in the car finance market commences on 1 November 2018." - "Money3 does not provide flex commissions on its products"
"CAFBA‘s position is that whilst ASIC has removed flex-commissions, a major disadvantage for brokers still remains while the Point of Sale Exemption under the NCCP Act for car dealers still exists."
I don't know if the POS Exemption is being closed or not. Which news article are they referring to?
MNY Price at posting:
$1.72 Sentiment: Buy Disclosure: Held
