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Latest news: Credit and Debt

Buy now, pay later laws introduced to shield vulnerable

Buy now, pay later laws introduced to shield vulnerable

Buy now, pay later loan providers will soon be subject to regulations aiming to protect at-risk Australians from financial harm.

Reform call as student debt hiked by thousands of bucks

Reform call as student debt hiked by thousands of bucks

Reform call as student debt hiked by thousands of bucks

Reform call as student debt hiked by thousands of bucks

Those with student debts will have their outstanding amount increased due to indexation but changes to the scheme will reduce the balance later this year.

ASIC victory in four-year pursuit of high-fee lenders

ASIC victory in four-year pursuit of high-fee lenders

ASIC victory in four-year pursuit of high-fee lenders

ASIC victory in four-year pursuit of high-fee lenders

Two Gold Coast lenders could face hefty fines after charging over $70 million in fees for less than half that amount in loans issued without a credit licence.

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ATO to name and shame businesses over unpaid debts

ATO to name and shame businesses over unpaid debts

The tax office is coming after businesses owing more than $100,000 by threatening to name and shame them in a bid to recoup more than $5 billion it is owed.

'Choked on my Weeties': Pallas dismisses Vic debt sum

'Choked on my Weeties': Pallas dismisses Vic debt sum

Treasurer Tim Pallas is confident a credit rating downgrade isn't on the horizon for Victoria despite a major global agency's debt forecast.

'Perfect storm': insolvency surge threatens businesses

'Perfect storm': insolvency surge threatens businesses

The Australian Taxation Office and other creditors pose the biggest threat to cash-strapped businesses facing an insolvency "surge", an organisation says.

Debt 'solvers' accused of leaving clients' bills unpaid

Debt 'solvers' accused of leaving clients' bills unpaid

Debt management company Solve My Debt Now has been accused of being little more than a name, allegedly making many people's financial hardship worse.

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Credit Corp says Aust late debt supply 'constrained'

Credit Corp says Aust late debt supply 'constrained'

Credit Corp says Aust late debt supply 'constrained'

Credit Corp says Aust late debt supply 'constrained'

Australia's biggest debt buyer and collection agency says there hasn't been much in the way of delinquent debts available for purchase domestically.

Students dive into pockets to beat HECS interest rise

Students dive into pockets to beat HECS interest rise

Students dive into pockets to beat HECS interest rise

Students dive into pockets to beat HECS interest rise

As uni students rushed to pay back more on their HECS to beat a rise in interest, the government has agreed it's time to consider how repayments are calculated.

Biden, McCarthy reach tentative US debt ceiling deal

Biden, McCarthy reach tentative US debt ceiling deal

Biden, McCarthy reach tentative US debt ceiling deal

Biden, McCarthy reach tentative US debt ceiling deal

US Democratic President Joe Biden and Republican House Speaker Kevin McCarthy have reached a tentative deal to raise America's debt ceiling.

Clampdown on buy now, pay later following abuse claims

Clampdown on buy now, pay later following abuse claims

Clampdown on buy now, pay later following abuse claims

Clampdown on buy now, pay later following abuse claims

The federal government will regulate buy now, pay later services in a bid to protect Australians against financial abuse and hardship.

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