Money3 chief operating officer Scott Baldwin, who has been acting chief executive since the departure of Rob Bryant in July, has been appointed to the top job. Baldwin has been COO at Money3 since 2008 and an executive director since 2009. Previously he worked in a number of executive roles at General Electric Healthcare. La Trobe Financial is expanding its operations with the appointment of 25 new staff members. Fourteen of the new staff are credit analysts, boosting the company's national credit team to 46 loan writers. It has also hired a number of business development managers. La Trobe said in a statement that it was originating A$300 million of loans a month and had secured new funding lines for growth. Labor Senator Sam Dastyari, who is heading a Parliamentary inquiry into credit card interest rates, favours increasing monthly payment levels so that low income earners are not caught in a long-term debt trap, the Australian Financial Review reports. Submissions to the inquiry have argued that low income earners often pay the minimum repayment and bear the brunt of high card rates. A way to deal with this would be to require that credit card balances amortise over a period of several years, like a personal loan.