GE ANZ Consumer Lending Business Sold
GE Capital has sold its Australian and New Zealand consumer lending business to a consortium in a deal valued at US$6.3 billion. This transaction, which needs regulatory approval, will see its three...
View ArticleWho’s driving UK consumer credit growth?
From Bank Underground. Consumer credit growth has raised concern in some quarters. This type of borrowing – which covers mainstream products such as credit cards, motor finance, personal loans and less...
View ArticleANZ to suspend consumer asset finance in Australia
ANZ has announced it will suspend providing new secured asset finance loans for retail customers in Australia while it undertakes a detailed review of its business. Consumer asset finance includes...
View ArticlePayday Pain Still Grips
Since the Government released the report of the Independent Panel’s Review of the Small Amount Credit Contract Laws in April 2016, three million additional loans have been written, worth an estimated...
View ArticleASIC puts spotlight on the rapidly growing buy now pay later industry
ASIC has released its first review of the rapidly growing buy now pay later industry. The review of this diverse and evolving market has found that buy now pay later arrangements are influencing the...
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