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The new consumer credit law covering small amount credit contracts and consumer leases is having an impact months before it takes effect, with Cash Converters announcing that it will exit the SACC mar.. read more

Yellow Brick Road has booked a loss of A$2.7 million on the carrying value of its trail commissions, as the high level of mortgage refinancing pushes loan runoff rates to high levels. read more

Pay advance provider Beforepay has turned to partnerships as a new avenue for business growth, adding a deal with Western Union to the pilot it launched with tax accountancy H&R Block last year. read more

Like other non-bank lenders, Resimac responded to rising funding costs and intense competition in the home loan market last year by shifting its focus to higher-yielding “specialist” (non-conforming).. read more

The new majority shareholder of buy now pay later company Payright plans to review its status as an ASX-listed entity, as part of a wide-ranging review of the business. read more

The Central Bank of Ireland has written to EML Payments, warning the company that its Irish subsidiary PFS Card Services Ireland Ltd has made limited progress with a remediation program and there are.. read more

Zip Co’s path to profitability has become more difficult as a result of heavy losses and cash outflows. read more

Close to one in 10 Australians fell victim to card fraud in the 2021/22 financial year, the Australian Bureau of Statistics reports. read more

EML Payments’ poor management of its acquisition program of recent years continues to haunt it. read more

The “unprecedented size and speed” of the Reserve Bank’s cash rate increases played a big part in Latitude Group’s poor financial performance last year, along with “elevated” credit card and loan repa.. read more