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Buy now pay later has emerged as a growing part of financial counsellors’ casework, with 24 per cent of respondents to a new survey reporting that most of their clients in financial hardship had debts.. read more

Bank of Queensland’s loan arrears (90 days or more past due) increased by A$112 million to $360 million over the three months to the end of May – a 45 per cent increase. read more

Consumer groups and community legal centres have called for responsible lending law reform in the wake of ASIC’s decision not to take its case over Westpac’s alleged breaches of responsible lending an.. read more

AFG’s latest issue of mortgage-backed securities will have a neutral impact on its net interest margin, Macquarie Securities has estimated. read more

Heritage Bank has appointed a new head of business banking and flagged its ambition to grow strongly in the small and medium business segment. read more

Two-thirds of Australians have been using less cash since the pandemic started and most expect to continue making digital payments in preference to cash payments when things return to normal. read more

Apple Pay has enjoyed increased take-up by banks in recent months, with Westpac, ME Bank and Heritage Bank all joining since April. The latest to offer the service to its customers is AMP Bank. read more

The JobKeeper wage subsidy has been adjusted to deal with perceived flaws in its original design. read more

The downbeat credit quality in a key cohort of investment loans is apparent in the latest ANZ-CoreLogic Housing Affordability Report. They highlight the disproportionate loss of income in industry sec.. read more

Embattled debt buyer Pioneer Credit has missed the July 17 deadline for refinancing its debt but has managed to negotiate an extension to a standstill agreement with its senior financier until August.. read more