Zip buys local Spotcap operation

Retail finance provider Zip Co is moving into the small business lending market, with the acquisition of the Australian and New Zealand businesses of global SME lender Spotcap. read more

Fixed rates lead the rate cuts

Mortgage interest rates continued to fall in August, even though there here has been no changes to the cash rate since July. Comparison sites are reporting that the action is in the fixed rate market. read more

Thorn settles class action

Consumer finance company Thorn Group will pay A$25 million to settle a class action over a claim that its "Rent Try $1 Buy" promotion was misleading and deceptive. read more

Axsesstoday sale to Cerberus approved

Creditors of small business lender Axsesstoday have approved a deed of company arrangement for the sale of the business to US private equity firm Cerberus Capital Management. read more

Broker best interest bill under fire

The government's plan to impose a best interest duty on mortgage brokers has come under fire for being selective in its application, with inconsistent exclusions. A draft bill issued for consultation.. read more

Silver Chef rescue sours

Silver Chef's takeover deal with Next Capital has fallen through, casting a cloud over the future of the struggling equipment finance company. read more

ACCC bids for FX fix

ACCC warns it will take action against businesses that mislead consumers about the level of fees for FX services. read more