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One Big Switch, the organisation running consumer group Choice's "Big Bank Switch", has suggested to lenders that it will not be legally required to make costly credit assessments of its members. read more

The mortgage-broking industry's lobbyist, the Mortgage Finance Association of Australia, was no doubt looking for a little payback earlier this month when it asked the Australian Securities and Inv.. read more

Consumer advocacy group Choice's banking business partner One Big Switch yesterday advised that its "Big Bank Switch" home loan group buying scheme has attracted 40,306 registrations. read more

Consumer advocacy group Choice and its partner One Big Switch are refusing to provide details on how their "group buying" home loan scheme will provide appropriate offers to borrowers. read more

Choice, formerly the Australian Consumers Association, is on the defensive over its decision to become a loan referrer. read more

RBA governor Glenn Stevens has again warned that income, consumption and savings will not return to the pattern of the boom years of 1996 to 2006. read more

The Financial Stability Board, the financial stability promotion group created by the G20 in 2009, has endorsed the latest planks of the new global financial stability framework. read more

Australian banks' capital requirements could yet be raised, in the last stage of the global regulatory restructure triggered by the Basel III agreements. read more

A Basel Committee proposal to impose tougher capital requirements on up to 30 global banks was approved on Saturday. read more

Banks accessing the Reserve Bank of Australia's new secured lending facility will likely pay a fee of just five to ten basis points. That's the best estimate of Professor Kevin Davis, research direc.. read more