Industry News

Read the latest news from AFIA and the Australian finance industry.

Appointment of BNPL CCC Chair

July 31, 2023

1 August 2023 AFIA today announced that Ms Jillian Brewer has been appointed as the new chair of the AFIA Buy Now Pay Later Code Compliance Committee (CCC) for a three-year term.

BNPL CCC report on self regulation

June 1, 2023

1 June 2023 AFIA has said its Buy Now Pay Later Code of Practice is successfully protecting Australian consumers according to the latest report from the independent Buy Now Pay Later Code Compliance Committee.

Cross-industry initiative to provide one-off $7.75 million boost for financial counselling services

May 11, 2023

11 May 2023 Australia’s financial counselling services will receive a $7.75 million boost following a donation from a group of organisations from across the banking, finance, insurance, energy, telecommunications and online gambling sectors.

AFIA provides update on the introduction of the Insurance Premium Funding Code of Practice

April 20, 2023

20 April 2023 AFIA today provided an update on progress with the introduction of the Insurance Premium Funding Code of Practice.

Buy Now Pay Later sector supports all recommendations in independent review of the BNPL Code of Practice

March 31, 2023

31 March 2023 AFIA today welcomed the release of Promontory’s independent review of the Buy Now Pay Later Code of Practice.

AFIA releases updated Online Small Business Lenders' Code of Practice

December 2, 2022

2 December 2023 On 2 December 2023, AFIA released the updated Online Small Business Lenders Code of Practice following a formal review process.

FY22 AFIA Annual Review

November 30, 2022

30 November 2022 Read our FY22 Annual Review to discover the work we have done for and on behalf of members during FY22.

Consultation paper for review of BNPL Code Released and Submissions Invited by AFIA

November 8, 2022

8 November 2022 AFIA announced a review of the Buy Now Pay Later Code of Practice on 14 October 2022.

AFIA announces winners of inaugural ‘Affie' Awards

October 20, 2022

20 October 2022 AFIA is proud to announce the winners of the inaugural ‘Affie’ Awards, held this week at the conclusion of AFIA’s annual conference in Sydney.

AFIA commissions independent review of the BNPL Code of Practice

October 14, 2022

14 October 2022 AFIA today announced an independent review of the Buy Now Pay Later (BNPL) Code of Practice to be undertaken by Promontory Australia, led by Mr Peter Kell, Managing Director.

AFIA Launches Insurance Premium Funding Code

October 4, 2022

4 October 2022 Customers seeking insurance premium funding will have additional protections through a new finance industry code that came into effect on 1 October.

AFIA seeks feedback on revised Online Small Business Lenders Code of Practice

July 25, 2022

25 July 2022 AFIA has commenced a review of the Online Small Business Lenders Code of Practice and is now seeking feedback on the proposed changes.

AFIA welcomes Plenti as ninth BNPL Code signatory

July 10, 2022

11 July 2022 AFIA welcomes Plenti as ninth BNPL Code signatory.

Media release: BNPL is growing our economy and providing benefits to consumers and businesses

June 27, 2022

28 June 2022 BNPL is growing our economy and providing benefits to consumers and businesses.

Investing in a stronger future for Australia

March 28, 2022

29 March 2022 AFIA welcomes the 2022 Federal Budget as a plan to rebuild, respond to the times, and deliver growth for the future.

AFIA welcomes BNPL Code Compliance Committee report on first year of self-regulation

March 14, 2022

14 March 2022 AFIA today welcomes the release of the first report of the independent Buy Now Pay Later Code.

Financial Safety Tips for the Holidays

December 22, 2021

22 December 2021 While we’re all looking forward to relaxing during the holiday break, we know scammers do not rest and they’re becoming more sophisticated every day.