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Debt buyer and lender Credit Corp will set up a remediation program after finding that it charged interest on funding arrangements after telling customers it had reduced their interest rates to zero a.. read more

The Australian Competition and Consumer Commission has authorised the Customer Owned Banking Association to include certain provisions in its new Code of Practice, clearing the way for the new code to.. read more

Days after Westpac reported that its credit quality improved during the June quarter, Macquarie Bank has released a June quarter Pillar 3 report that shows a similar improvement. read more

Strong demand for used vehicles helped automotive finance specialist Money3 increase its assets and earnings by more than 20 per cent in the year to June, but “normalisation” following the period of C.. read more

Retirement income specialist Challenger is considering “all options” as it reviews the place of its recently acquired banking subsidiary within the group. read more

Buy now pay later company Sezzle’s commitment to cut costs, rein in credit losses and move to profitability showed some signs of progress in the June half but the company has a long way to go. read more

Westpac has released a June quarter update on its credit quality, capital and funding, reporting that credit quality improved during the quarter. read more

MyState Ltd continued to invest in distribution capacity, brand and marketing in 2021/22 as it pursued its strategy of creating scale. read more

A fall in the number of people signing up with debt management company FSA Group for help setting up informal payment arrangements or debt agreements is another sign that COVID stimulus and forbearanc.. read more

Business lending growth has been strong this year, providing a positive signal for lenders and the economy generally, but it might be coming to an end. read more