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Lenders are yet to report any significant deterioration in the credit quality of their home loan books, with the latest to release results, Suncorp Bank, detailing improvements in arrears rates and im.. read more

Buy now pay later company Openpay appointed in receivers and managers yesterday, after it was unable to resolve funding issues with its lenders. read more

The number of lenders with mortgage books in runoff is growing, thanks to tighter lending standards, lack of attractive offerings, and slow approval turnaround times. read more

The ASX suspended trading in Openpay Group shares on Friday, at the buy now pay later company’s request, which reported that it has breached its loan covenants. read more

The Government took its first step towards regulation of the crypto market on Friday, when Treasury released a consultation paper outlining its plan “token mapping” the system. read more

There are now more borrowers “at risk” of mortgage stress, as measured by Roy Morgan, than at any time in the past decade. read more

A month after being taken to court for allegedly breaching design and distribution obligations in the management of its David Jones cards, American Express has lost the DJs card issuing contract to La.. read more

Private equity investor Potentia Capital Management’s ardent pursuit of Tyro Payments finally produced a positive response last week, when the Tyro board agreed to give Potentia a four-week period of.. read more

Zip Co continues to shut down overseas operations, reporting that it completed the wind-up of its UK and Singapore businesses in the December quarter and started the process to shutting its business i.. read more

Australians’ credit scores improved last year, despite rising interest rates and higher cost of living, credit reporting company Experian said. read more