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Australia’s Code of Practice for Buy Now Pay Late Providers comes into effect today, with a commitment by all code-compliant BNPL providers that they will conduct suitability assessments before taking.. read more

Afterpay trumpeted the strong “unit economics” of its growing business during the December half, based on various margin measures, but at the same time suffered a huge blowout in cash outflows from op.. read more

Listed non-bank lender Resimac Group Ltd has unveiled strong results for the half-year ended December, reporting a net profit after tax of $50.5 million, up 88 per cent. read more

Humm group is pushing ahead aggressively with its plan to be a global force in the buy now pay later market at the same time as returns from its BNPL business fall. read more

Collection House has confirmed that it will re-establish its presence in the purchased debt market after selling its purchased debt ledger to Credit Corp last October, but its hopes of reviving the bu.. read more

Six months after establishing a warehouse funding facility with Westpac providing the senior funding, consumer finance company MoneyMe has received an increased in the bank’s funding commitment from $.. read more

Economic conditions in 2020 brought an end to more than a decade of gradual improvement in late payments times, a new survey shows. read more

The global debt-to-GDP ratio surged by 35 percentage points in 2020 to more than 355 of global GDP, according to new research. read more

Finance company Thorn Group has stopped originating business finance, as its tries to deal with a blowout in arrears. read more

Mortgage Choice’s inability to increase the size of its loan book, and hence its trail commission income, has become chronic. The book has not grown since 2018. read more