Consumer lender Money3 has appointed Brett Coventry as chief financial officer. Coventry is moving to Money3 from Catapult Group, a maker of wearable technology for athletes. Coventry is a qualified chartered practicing accountant and has an MBA. Yellow Brick Road has appointed the former head of the mortgage broking business at St George Bank, Clive Kirkpatrick, as its new general manager lending (Vow Financial). It is the third senior management change in the company's lending division this month. Former Aussie Home Loans state manager Andrew Rasby was appointed general manager for lending for the YBR branded branch network and the chief executive of the lending division Tim Brown announced his departure. Bank executives have been ordered to attend public hearings as part of an inquiry into lending practices by the Small Business and Family Enterprise Ombudsman, Kate Carnell. The hearings will take place later this month or in early December, the AFR reports, noting that the inquiry is reviewing cases previously investigated by the Parliamentary Joint Committee on Corporations and Financial Services, and this will provide background research for establishing a tribunal to hear grievances against financial services companies. National Australia Bank is talking to customers of its business bank about how Australia's real-time payments system, which will be switched on next year, could help slash administration costs given it will allow data to be transferred alongside money, the AFR says. NAB Labs, the bank's internal innovation unit, said in a discussion paper released this month that the "new payments platform" would let businesses more easily reconcile received payments because consumers and other businesses will be able to send related documents alongside payments. The Commonwealth Bank Business Sales Indicator - a measure of economy-wide spending - rose by 0.4 per cent in October after a similar gain in September. Spending growth had slowed earlier in the year ahead of the UK vote on European Union membership ('Brexit') and the Australian Federal Election. This indicator is obtained by tracking the value of credit and debit card transactions processed through Commonwealth Bank merchant facilities, and shows spending is now expanding slightly faster than the average monthly rate over the decade