‘Save our BNPL sales’ cry ARA

With retail sales of $18.4 billion attributed to the loosely regulated buy now pay later credit sector, the Australian Retailers Association is anxious that regulatory reforms will be, as prom.. read more

Four weeks to TFF deadline

Pre-payments by banks ahead of the repayment deadline for the Term Funding Facility have been flowing through, with $30 billion repaid over the last 10 weeks. There is another $65 billion to go. read more

Payroll auxiliary bloated and bashful

In a marker of trends bound to be reflected more widely across the financial services industry, payrolls and employment numbers in what the ABS labels ‘Auxiliary finance and insurance services’ are –.. read more

NZ banks defer regional branch closures

A trial of regional banking hubs in New Zealand has flopped, and so instead NZ’s five largest banks will extend their commitment not to close regional branches for the next three years. read more

Stress volcanic at next rate rise

A whopping 78 per cent of mortgaged households polled by Redbridge Consulting say they will experience either “a great deal of stress” or “some stress” in the event the RBA were to hike the cash rate.. read more

Mortgage broker share hits 74%

Mortgage & Finance Association of Australia’s latest data shows that between January and March 2024, 74.1 per cent of all new home loans were written by mortgage brokers. read more

Illigit to debank s*x workers

A Melbourne s*x worker has resolved a discrimination case against two Australian financial service providers that will protect others in the sex work industry from falling victim to “debanking”, plain.. read more

Quest rocks NSW payments

In a vindication of one of the most patient disruption plays in domestic payments, Quest Payments has won a whole of government contract to supply payments devices and related support services across.. read more