Key changes are:  

Credit licencing: All LCCC providers, including BNPL providers like humm, are required to hold an Australian credit licence. humm group has multiple credit licences for different products.  From 10 June 2025, humm will be provided by Once Credit Pty Limited ABN 99 112 319 632, Australian Credit Licence No. 386194 and will be subject to the Terms & Conditions. Once Credit Pty Limited is a member of humm group. 

Responsible Lending Obligations (RLO): All LCCC providers will need to comply with RLO obligations. LCCC providers can elect to adopt a modified RLO (mRLO) which scales better with the risks to providers. Humm has elected to adopt a mRLO. We will enquire about customers’ income, expenses and living arrangements as part of our unsuitability assessment under our mRLO. In some instances, additional information may be requested to verify customers’ financial position.