CUA invests amid margin pressure

The combination of margin pressure from falling interest rates and increased investment in member services resulted in a 7.9 per cent fall in CUA Group's net profit for the six months to December. read more

Debt collector fined $500,000

Debt collection agency Panthera has been fined $500,000 for "unduly harassing consumers" over debts they did not owe. In one case it misled the consumer. read more

Fintechs seek to calm market on funding

Among the financial services companies updating the market on their financial positions yesterday were loss-making fintechs keen to reassure investors that they had sufficient funding to maintain thei.. read more

Collection House rethinks recovery practices

Debt buyer Collection House is moving to what it calls a more "customer focused" approach it its business, in response to demands from clients and consumer groups that it change its punitive approach.. read more

More c-suite changes at Suncorp

Changes in the executive ranks at Suncorp keep coming. Chief information officer Sarah Harland will leave the company at the end of this month. read more

Macquarie withdraws hybrid offer

Macquarie Bank has joined National Australia Bank in withdrawing hybrid security offers, with both citing market volatility and its likely impact on the price of the notes once they listed. read more

RentPay to go ahead with reduced funding

Rental property website operator and aspiring rental payments processor Rent.com.au will push ahead with the development of its RentPay business, despite having to scale back its capital raising plans.. read more

Another credit manager pulls capital raising

Credit fund manager Metrics Credit Partners has withdrawn an entitlement offer, citing "extreme market volatility" and will return more than $300 million to investors. It is the second time this month.. read more