Briefs: Money3 refinances, new Collection House CFO 17 June 2021 6:00AM Banking Day staff Car loans & HP, Consumer lending, Debt capital markets, Appointments Auto finance specialist Money3 Corp has refinanced a significant chunk of its funding, paying out a facility with FCCD Australia, part of Fortress Investment Group, and establishing a A$250 million warehouse securitisation facility funded by Credit Suisse. Money3 said that when the facility is fully drawn it will save around $10 million a year of interest, compared with the cost of the FCCD facility. The company has three other bank-funded facilities. Collection House chief financial offer Lynda Morris is leaving the company after just 18 months in the role and will be replaced by Peter Gunn, effective next month. Gunn, who has held senior finance roles in several mining and engineering companies, consulted to Collection House last year as it went through a difficult refinancing and restructure.