(Posted this on the CCP thread as well)
They did all this 2 years ago, remember the 4Corners episode which started it all? I think Cash Converters and Radio Rentals had to pay back millions after it was found they were predatory in some cases. There was an inquiry as well back then.
Wallet Wizard is within the mainstream lending cap, as are MNY's car loans. It would seem a little irrational that they have sold down so much. Presumably the inquiry will go after SACCs with much higher rates. There is fear because of the royal commission, this isn't even that, just another senate inquiry. We already know Labor is going to win and implement those existing payday reforms that the Coalition is delaying, that doesn't really affect MNY going forward, and zero affect on CCP.
