ACM quits collections market

Debt buyer and collection agency ACM Group is getting out of the collections business, agreeing to sell its entire purchase debt ledger and other assets to Collection House. read more

TD rates maintain falling trend

February was the fifth consecutive month when more term deposit rates were cut than increased, according to the latest Mozo Banking Roundup. Depositors can still get 3 per cent but they will have to p.. read more

NAB adds mortgages to CCR

NAB is the first of the big banks to provide comprehensive data on mortgage contracts to credit reporting agencies, bringing the proportion of consumer credit accounts in the CCR system up to around 5.. read more

Going direct pays off for Firstmac

Mortgage specialist Firstmac has delivered a result that may be a pointer to the future of mortgage lending. It has achieved very strong growth in its loan portfolio, with more than half of that growt.. read more

No let-up in mortgage market slump

The mortgage market has fallen to a new low, with news yesterday that lenders' aggregate balances are growing at their slowest rate for more than 30 years. read more

Carnell rebukes Bligh over Banking Code

The ABA has "not yet reached a view" on changing the definition of small business.The Hayne royal commission recommended that the definition of small business in the industry code of practice be amend.. read more

Collection House looks to NZ

Collection House outlaid $36.6 million on debt ledger acquisitions during the December half, compared with $35.9 million in the previous corresponding period.The face value of its purchased debt ledge.. read more

PE firm backs FlexiGroup transformation

Finance company FlexiGroup is hoping to capitalise on growth in the "buy now pay later" segment of the consumer finance market by consolidating its Certegy EziPay and OxiPay operations into a single n.. read more