The FlexiGroup responds to Senate inquiry

Company News

by Rachael Jones

Financial services group FlexiGroup (ASX:FXL) has responded to the Senate Inquiry into credit and financial services saying they strongly support the implementation of the Small Amount Credit Contract (SACC) and Consumer Lease reforms.

These were recommended by the Government Panel.

They also support the observations and findings in ASIC’s report in relation to areas of better practice and improving the Buy Now Pay Later sector standards to support consumer access to appropriate credit.

They also support self-regulation in the form of a tailored BNPL code of practice.

Shares in FlexiGroup (ASX:FXL) are trading 1.77 per cent lower at $1.39.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.