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The Latitude Financial cyber attack is more extensive and sustained than first reported and has resulted in severe disruptions to the business. read more

Buy now pay later company Sezzle announced plans last week to list its shares on the Nasdaq Global Market. read more

Gryphon Capital Partners, one of the biggest local investors in the mortgage securities market, has agreed to a takeover by global investment manager Barings. read more

The head of Australia’s financial ombudsman service has expressed his “deep concern” that financial services companies are not meeting their dispute resolution obligations. read more

The Australian Financial Complaints Authority will have enhanced powers to exclude complainants and paid representatives whose conduct is unreasonable, under proposed changes to its rules and operatio.. read more

Buy now pay later company Payright has launched its second capital raising in four months, after a “deteriorating arrears position” forced it to recalculate its working capital needs for the year ahea.. read more

The Australian Prudential Regulation Authority requires residential mortgage lenders to apply a serviceability buffer of “at least” 3 per cent above the loan rate, but that is not how it has been work.. read more

Fund manager Sapien Group has taken a controlling interest in online loan “marketplace” Hashching and has made a commitment to fund the company’s growth. read more

Over the 22 years since 2001, there have been only five years when no bank failures were recorded in the United States. read more

Fitch Ratings has started work on incorporating data on the energy efficiency of residential properties in its ratings criteria for mortgage securities and covered bond transactions. read more