Kadre

Kadre welcomes the opportunity to provide this feedback to the Attorney General’s Department on the review of Australia’s Credit Reporting Framework. While we have extensive experience and expertise to respond to all questions raised in the report, due to time constraints we have intentionally focussed on three important areas that…

Submission to Treasury: Buy Now Pay Later regulatory reforms On 12th March 2024, the Australian Government Treasury released an exposure draft legislative package on the proposed regulation of Buy Now, Pay Later (BNPL) arrangements for public comment. Kadre responded by acknowledging that our previous submission was ambitious in seeking broader changes…

Missed opportunity to address information asymmetry When addressing the Responsible Lending and Borrowing Summit, the Hon Stephen Jones Assistant Treasurer and Minister for Financial Services missed a crucial opportunity to make real meaningful improvement to the protection of consumers from financial harm, debt spirals and vulnerability to predatory lending practices.…

AFR published article: BNPL regulation perfect opportunity to clean up credit law mess. Not even the infamous 'wagyu and shiraz' case clarified what exactly lenders need to do to check creditworthiness of borrowers. Confusion around what sort of borrower checking is required to meet obligations under the Credit Act remains…

As an increasingly popular payment method, with RBA’s data showing roughly 7 million active accounts recorded in FY22, Buy Now Pay Later (BNPL) arrangements are coming under closer scrutiny in Australia. This is good news for retailers who received $1.5 billion in net benefits from BNPL operators but with this…

Submission to Treasury: Regulating Buy Now, Pay Later in Australia Kadre welcomes the opportunity to provide this feedback to Treasury on the future regulatory framework for buy now, pay later (BNPL) arrangements under the National Consumer Credit Protection Act 2009 (the Credit Act). Kadre is a community of risk, retail…

On the 21st June 2022 the Bank of England, via the Prudential Regulation Authority (PRA) issued a consultation paper (CP6/22) requesting feedback on a proposal to require Banks, Building Societies and PRA designated investment firms to adopt enhanced model management principles. Feedback is requested in writing by the 21st Oct…

In this article, we are looking at how changing interest rate environments may affect credit risk for financial institutions particularly with respect to home loan portfolios over the coming 12 months. By analysing recent data published by APRA, RBA, ABS as well as public disclosures by lenders and other industry…