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The government is almost certain to extend coverage of the National Consumer Credit Protection Act to buy now pay later providers if it follows the consensus view of the submissions to its consultatio.. read more

The debt buying market, which has been depressed since the onset of COVID, showed its first signs of recovery in December, according to Pioneer Credit. read more

Payments fintech Change Financial has secured A$6.9 million of new funding for the development of its business in the United States. read more

Commonwealth Bank reported a net profit of A$5.2 billion for the six months to December 2022 – an increase of 10 per cent over the previous corresponding period. read more

Consumer lender Plenti Group is the first to complete a transaction in the local securitisation market this year, with the pricing of an issue of personal loan and renewable energy asset-backed securi.. read more

Mortgage borrowers continued to build their financial buffers towards the end of last year, with payments into offset and redraw accounts growing in the December quarter. read more

Banks have made substantial increases to their deposit rates since May last year but it has been a highly selective process, with most of the increases going to short-term introductory rates and bonus.. read more

The peak of fixed-rate home loan maturities will be in the December half of this year but a large volume of maturities will continue into 2025. read more

EML Payments chair David Liddy has announced his resignation from the board, just three months after taking on the role. Two other directors have also resigned. read more

The gap between bank and non-bank pricing of home loans has narrowed since interest rates started rising last May, with non-banks struggling to maintain their pricing advantage. read more