Company Directory - Afterpay Limited
CCI Score
CCI Score: Afterpay Limited
-1.70
Latest Event
Afterpay Criticizes Treasury's Overreach on BNPL Regulation
Afterpay publicly challenged the new regulatory obligations proposed by the federal Treasury for BNPL providers, arguing that the measures create significant regulatory uncertainty and represent government overreach. This stance, aimed at reducing regulatory burdens, raises concerns about diminishing consumer protections and regulatory oversight.
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BYSTANDER
Afterpay Limited is currently rated as a Bystander.
Latest Events
JUN032024Afterpay publicly challenged the new regulatory obligations proposed by the federal Treasury for BNPL providers, arguing that the measures create significant regulatory uncertainty and represent government overreach. This stance, aimed at reducing regulatory burdens, raises concerns about diminishing consumer protections and regulatory oversight.
-20
Public and Political Behavior
March 25
Afterpay's public criticism of the Treasury's extended regulatory measures reflects a political stance that prioritizes deregulation over enhanced consumer safeguards. This opposition to tighter controls can be seen as undermining the necessary regulatory framework designed to protect public welfare, aligning with corporate interests that may contribute to a broader pattern of reducing oversight in favor of profit maximization.
- MAY212023
Afterpay has welcomed the federal government's proposal to regulate the buy now, pay later industry under the Credit Act, emphasizing enhanced consumer protection and responsible lending practices.
+70
Public and Political Behavior
March 25
Afterpay’s supportive response to the new regulatory framework demonstrated by its public statement indicates a commitment to aligning with consumer protection mechanisms. By embracing regulation akin to that imposed on credit providers, the company reflects positive Public and Political Behavior by cooperating with government initiatives designed to reduce financial abuse and exploitation.
+75
Business Practices and Ethical Responsibility
March 25
By welcoming the regulatory changes, Afterpay is positioning itself as a responsible financial services provider. The company’s proactive stance in supporting measures that aim to safeguard consumers—especially vulnerable groups facing financial risks—reflects strong Business Practices and Ethical Responsibility.
- SEP282022
Afterpay is being scrutinized for its reliance on detailed digital surveillance and data collection practices that raise ethical concerns regarding consumer privacy and contribute to normalization of surveillance tactics that can underpin authoritarian control.
-70
Technology and Services Impact
March 25
Afterpay’s business model leverages detailed digital surveillance to collect and analyze consumer purchase behavior. This practice, which is now drawing federal attention through a Consumer Financial Protection Bureau investigation, normalizes intrusive data collection techniques and raises major privacy concerns that may indirectly support authoritarian practices in controlling consumer behavior.
‘Digital Surveillance’ Questioned at Afterpay, Klarna and More
-50
Business Practices and Ethical Responsibility
March 25
The ethical responsibility of Afterpay is called into question due to its reliance on collecting and exploiting consumer data without adequate transparency or consumer protection measures. This lack of ethical business practices contributes to a broader environment where corporate actions can undermine individual rights and potentially facilitate authoritarian governance structures.
‘Digital Surveillance’ Questioned at Afterpay, Klarna and More
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