The Federal Government has [finally] declared Buy Now Pay Later products as credit products and has outlined a path to regulation in the months ahead, recognizing that the products can harm customers.
Big players like CBA pushed the Government into a more gentle regime than I think is idea,, but at least its a step in the right direction. But two questions, will BNPL appear on credit files, and what about those thousands of customers of these products who are already in over the heads. We note from our surveys significant growth in use of these products as inflation and interest rate rises bite.
This is too little too late!
http://www.martinnorth.com/
Digital Finance Analytics (DFA) Blog
The Regulation Of “Duck Quacking” Buy Now Pay Later Loans! [Podcast]
The Federal Government has [finally] declared Buy Now Pay Later products as credit products and has outlined a path to regulation in the months ahead, recognizing that the products can harm customers.
Big players like CBA pushed the Government into a more gentle regime than I think is idea,, but at least its a step in the right direction. But two questions, will BNPL appear on credit files, and what about those thousands of customers of these products who are already in over the heads. We note from our surveys significant growth in use of these products as inflation and interest rate rises bite.
This is too little too late!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with Steve from Canstar to discuss the latest mortgage rate moves, and how this is playing out across households and banks. With the expectation that rates might well go higher still, what can be done?
I caught up with Steve from Canstar to discuss the latest mortgage rate moves, and how this is playing out across households and banks. With the expectation that rates might well go higher still, what can be done?
The latest from our modelling showing more pressure piling on households as mortgage rates and rents rise faster than incomes, and costs of living continue to bite hard.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
Household Financial Stress Is A REAL Problem! [Podcast]
Today we look at the February numbers from Core Logic and the ABS new lending data, which refinancing apart remain weak. In fact we are not convinced conditions are likely to lead to sustainable price rises.
Tarric Brooker joins me for my last Friday afternoon chat for a month or so, as I relocate to the UK. For the reasons see here: https://youtu.be/7Nj6N_amn3Y
We discussed a range of viewers questions, for which thanks.
I have genuinely enjoyed my regular chats with Tarric, and rest assured we plan to continue them once I have relocated.
Meantime, you can see the charts on his Substack: https://avidcom.substack.com/p/charts-and-links-from-dfa-q-and-a
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
More analysts are now talking about mortgage stress. How ever you define the concept (we prefer cash flow metrics) things are getting worse. So ahead of our next batch of updates on Tuesday, we look at what some other analysts are saying.
Perhaps, better late than never they are now understanding things I have been highlighting for some long time!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
The Mortgage Stress Traffic Accident Is Coming Into View!
More analysts are now talking about mortgage stress. How ever you define the concept (we prefer cash flow metrics) things are getting worse. So ahead of our next batch of updates on Tuesday, we look at what some other analysts are saying.
Perhaps, better late than never they are now understanding things I have been highlighting for some long time!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The rather shaky monthly indicators are in from the ABS, and headline inflation is down a tad, though only in some categories, so we should not get too excited. The quarterly GDP number to December was also in, and lower than expected – as ther savings ratios fell, and household discretionary spending wilted, though travel, and student arrivals helped to support GDP.
Again, not too much here to suggest other than more weakness ahead as rates rise.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
