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The Australian Securities regulator (ASIC) has come out with a long review of buy-now-pay later arrangements in which it has decided bullish for Afterpay. The stock is up fairly hard as I write this. Australian millennials. There are several other players and ASIC's study covered six of them. ASIC does not have a reputation as an aggressive regulator so that they are monitoring the company going forward is the expected result. > Vicki was in her early 20s and a mother to three preschool-aged > children. She was unemployed but received Centrelink payments.  > Vicki had multiple payday loan debts totalling $4,000 and a $9,000 > car loan. Vicki also had a $1,000 debt to Certegy Ezi-Pay that had > been referred to a debt collector and several telecommunications and > utility debts.  > Vicki explained that she then incurred a $740 debt to Afterpay to > buy goods at a butcher and several clothing stores Note that Afterpay is the last lender here and lent after a previous debt had been referred to a debt collector. > John received a carer’s pension. He was cold-called by a merchant > who sold him a solar power system financed through Certegy Ezi-Pay. > John said he did not have a job at the time and the salesperson said > that he would write down John’s last job. 18 months later, he owed > over $6,100. John also owed over $7,000 on a loan and $3,000 in > other debt. > John said he started using Afterpay in early 2018 and now owes them > $960. He said he doesn’t recall being asked about his expenses > when he signed up for this arrangement. Note again Afterpay is the last lender. > CASE STUDY 4: NO INQUIRIES ABOUT THE CONSUMER’S FINANCIAL > POSITION  > Ben was unemployed, received a disability support pension, and lived > with his father who as*isted him as a carer. Ben said he had a