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Buy now pay later contender Laybuy has released its first financial report since listing on the ASX three months ago, with strong growth in most metrics over the six months to September. read more

Consumer lender Plenti put the brakes on its personal lending business as the pandemic took hold but has been able to maintain growth with higher volumes of less risky automotive and renewable energy.. read more

New Zealand consumer lender Harmoney commenced trading on the Australian Securities Exchange yesterday, after completing an IPO that raised A$92.5 million. read more

The government’s amendment to consumer credit law needs some changes to make it fit for purpose, said speakers at yesterday’s Financial Review Banking and Wealth Summit. read more

Consumer credit demand fell heavily in the September quarter, although mortgage applications went counter to the trend and grew strongly. read more

The Reserve Bank has responded to charges from the non-bank sector that its term funding facility has created anti-competitive distortions that favour the banks, saying its support is relatively modes.. read more

A leading non-bank mortgage lender has warned that non-banks originating prime mortgages face tough market conditions, largely as a result of the pricing impact of the Reserve Bank’s term funding faci.. read more

NAB is getting out of the mortgage aggregation business, announcing that it will sell aggregators PLAN Australia, Choice and FAST to Loan Market Group. read more

The government has introduced legislation to give ASIC power to designate enforceable code provisions in industry codes of conduct, with a breach of an enforceable code subject to enforcement action a.. read more

Business applications for loans, trade credit and asset finance all fell heavily during the September quarter, although the numbers aren’t quite so bad if Victoria is taken out of the equation. read more