Brokers, borrowers dismiss fee for service

Customers of mortgage brokers are almost universally happy with the service they have received and, rather than having to pay a small fee for service, prefer brokers to receive commissions from lender.. read more

Better - not new - enforcement

A report from JP Morgan and Taylor Fry actuaries suggests Commissioner Kenneth Hayne's banking and financial services industry final report is likely to recommend that behavioural change be achieved t.. read more

ANZ 'resets' pay scales for its top brass

The ANZ board have escaped the heavy critique of its operations and management seen in other post royal commission bank AGMs, but in the final analysis, shareholders did deliver the expected first str.. read more

Unfair card practices inb a rut

A second ASIC report into changes lenders are making to allow their customers to cope more effectively with credit card debt can best be described as a mixed report card. read more

Card fraud rates keeep climbing

The year to 30 June 2018 saw card fraud in Australia climb to A$565 million, an effective growth rate of 4.8 per cent, a consequence of rising card-not-present fraud. read more