39

Tyro Payments has reported its first profit since listing on the ASX in 2019 and sent a message to its suitors that the company is starting to show its long-term earnings potential and will not be sol.. read more

Consumer lender MoneyMe has a month to pay down around one-third of its corporate debt facility or face a demand to repay the full A$78 million balance. read more

Personal insolvency numbers continued to fall in the December quarter, as low unemployment and high levels of savings protected households against rising interest rates and inflationary pressures. read more

Business finance company Earlypay has suffered a heavy blow from the failure of its biggest secured borrower, with a A$9.6 million specific provision tipping it into loss for the six months to Decembe.. read more

Latitude Group’s venture into the buy now pay later market has ended in failure, with the consumer finance company announcing on Friday that it has closed its BNPL offering in Australia and New Zealan.. read more

Pepper Money shifted the focus of its lending to non-conforming mortgages and asset finance during the second half of 2022, as it targeted higher yields to offset rising funding costs. read more

Finance company humm group lost 7 per cent of its customers in the second half of last year, as it trimmed its product portfolio, but it offset the drop in customer numbers with an 18 per cent increas.. read more

The protected earnings amount that will apply to all consumers taking out small amount credit contracts and consumer leases under new credit law has been set at 10 per cent of net income. read more

The proportion of loans 90 days or more past due as a proportion of gross loans and acceptances at Judo Bank rose from zero to 17 bps. read more

Lenders are getting serious about offering home loans through digital channels and Bendigo and Adelaide Bank is among those leading the charge. read more