Car Loans & HP

• John Kavanagh

Providers of low cost credit contracts, including buy now pay later companies, will have to hold a credit licence and comply with modified responsible lending obligations under proposed changes to the.. read more

• John Kavanagh

The Clean Energy Finance Corporation has committed to its latest green funding initiative, investing up to A$50 million in an Angle Auto Finance warehouse that will fund vehicle dealerships that incre.. read more

• John Kavanagh

Product development is back on the agenda at a more growth-focused Zip Co, following the company’s success in turning its fortunes around over the past year. read more

• Ian Rogers

A continuing shift in business mix to higher margin lending product, combined with less residential lending punched a deep hole in the profit of Liberty Financial over the December half. read more

• Ian Rogers

Afterpay looks an afterthought in Australian payments, and that may well be its fate in the US too. read more

• John Kavanagh

Finance company Solvar is changing its credit risk profile, raising the minimum credit acceptance criteria for new customers and focusing growth on its prime and low-risk Australian loan book. read more

• George Lekakis, John Kavanagh

Afterpay customers have been hit with late fee notifications after a systems failure resulted in direct debit transactions not being processed by the company. read more

• George Lekakis

Finance companies such as Latitude Financial and Humm that rely on partnerships with retailers to originate much of their lending have the most to lose if the laws currently exempting retailers from h.. read more

• George Lekakis

The financial problems afflicting longstanding vacuum cleaner retailer Godfreys loom as a potential source of bother for users of three buy now pay later schemes read more

• George Lekakis

Zip Co’s share price rocketed to almost a 12-month high on Monday after the company revealed that it expects to report pre-tax earnings of up to A$33 million for the six months to the end of December. read more

• George Lekakis

As the ranks of Australia’s loss-making buy now pay later sector steadily thin out, the industry’s second largest provider Zip Co Limited is facing a material refinancing challenge in 2024. read more

• John Kavanagh

High delinquency rates reported by buy now pay later providers should be monitored by financial regulators and policymakers for any negative impact on the rest of the financial system, a new report on.. read more

• Ian Rogers

Plenti and NAB have entered into a strategic partnership in which Plenti will provide ‘NAB powered by Plenti’ and its own-branded finance solutions to NAB’s personal banking customer base. read more

• John Kavanagh

Buy now pay later company Sezzle is the latest struggling financial institution to delist from the Australian Securities Exchange.  read more

• John Kavanagh

David Marshall, CEO, Defence Bank Defence Bank navigated the challenges of the past year successfully, reporting record lending in the year to June, as well as strong growth in deposits and income. read more

• George Lekakis

In a move bound to stoke plenty of speculation about its strategic intentions, Swedish-based buy now pay later giant Klarna has ploughed almost A$141 million of fresh capital into its ailing Australia.. read more

• George Lekakis

In a move almost certain to rile rewards points junkies, Afterpay is about to jettison American Express as a payment method for its buy now pay later customers.  read more

• John Kavanagh

Zip Co sought to assure investors at its 2022/23 results briefing yesterday that it has sufficient cash in reserve to get it to a positive cash flow position, despite its heavy cash outflow during the.. read more

• John Kavanagh

The government has released draft amendments to the Consumer Data Right rules, extending the scheme to cover the non-bank lending sector. read more

• Ian Rogers

With a mortgage book in run-off, Liberty Financial is ramping up SME lending, personal loans and motor finance. read more