Losses mount at Cash Converters

Payday lender Cash Converters halved its A$21.5 million loss in 2014/15, booking a $11.1 million loss in the year to June 2016, while facing another class action and investigation into its lending pra.. read more

IMB transformation yet to hit the bottom line

Changes at IMB Bank - its transition to a mutual bank last August, the announced merger with Sutherland Credit Union and several digital upgrades - have yet to impact on its financial performance. read more

Scottish Pacific beats prospectus forecast

Debtor finance company Scottish Pacific, in its first financial report since listing on the Australian Securities Exchange earlier this year and with three acquisitions in the past year, highlighted t.. read more

Money3 puts a year of turbulence behind it

Consumer lender Money3 lost funding support from a major bank, had its CEO forced into retirement, and regulatory changes put its small amount lending business under pressure, yet it still managed a p.. read more

New surcharge rules take effect this week

A new card payment surcharge standard will take effect on Thursday, limiting surcharges to recovering the cost of acceptance, which has been defined more narrowly than in previous versions of the stan.. read more