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humm group’s push for growth though the buy now pay later segment resulted in significant loan losses in 2019/20 but the company’s latest results indicate that it is getting its credit quality issues.. read more

The compensation cap for the planned compensation scheme of last resort will be well short of the limits that currently apply under Australian Financial Complaints Authority rules. read more

PayPal’s new buy now pay later service features no late fees but while that appeals to consumers, there are some aspects of Pay in 4 they might not like so much. read more

Business credit indicators were positive in June, with credit inquiries up and payment defaults down. read more

In the biggest securitisation deal in the Australian market since 2014, Macquarie Bank has completed a A$3.8 billion issue of residential mortgage-backed securities. read more

Customers have put their concerns over bank misconduct aside and rated the big banks highly for their performance during the worst of COVID. read more

Variable interest rate setting in the mortgage market continues to move in both directions at once, with four lenders cutting rates, two increasing them and one having a bet each way in the week endin.. read more

Community legal centres have slammed the Treasurer’s decision to exempt a large number of products from the new deferred sales model for add-on insurance, saying the move badly weakens the reform reco.. read more

Global corporate debt rose 10 per cent in 2020 to a record US$13.5 trillion, according to the latest Janus Henderson Corporate Debt Index. read more

Australian bank’s involvement in green finance continues to grow and diversify, with three significant new deals announced this week. read more