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First home buyers are no more likely to report financial stress or be in arrears than other owner occupier borrowers. read more

The Australian Information Commissioner has approved variations to the Credit Reporting Code ahead of changes to the credit reporting regime in July that will introduce reporting of financial hardship.. read more

Foreign exchange company OFX has flagged results for the year to March that will show a strong recovery from the COVID-related fall in revenue and earnings in its 2020/21 financial year. read more

Consumers using buy now pay later products are happy with the service they are getting, judging by the low level of complaints last year. read more

Mutuals Newcastle Permanent and Greater Bank have made progress on their merger plans, with the two organisations endorsing the merger and recommending that their members vote in favour of the proposa.. read more

The government faces a challenge identifying the non-banks that will be designated as data holders when it extends the Consumer Data Right to include open finance. read more

A Labor government would make payments infrastructure a primary focus of their financial services policies, prompted by the accelerating abandonment of cash. read more

The investments banks made in systems to manage loan repayment deferrals and other forbearance measures during the first two years of COVID have resulted in a permanent improvement in the way customer.. read more

hummgroup completed its thirteenth securitisation of buy now pay later receivables last week, when it raised A$250 million. read more

The Australian Financial Complaints Authority has commenced consultation on a new funding structure, shifting the balance of its industry funding model to a true user-pays basis so that members who ar.. read more