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Australian banks are making a late dash for billions in cheap money from the Reserve Bank’s Term Funding Facility before the scheme closes at the end of the month. read more

Westpac yesterday announced further hikes to fixed rate home loans for owner occupiers following material repricings at the end of April. read more

A growing list of banks have agreed to provide special paid leave to staff to get Covid-19 vaccinations following a campaign by the Finance Sector Union. read more

National Australia Bank is facing enforcement action from Austrac over “potential serious and ongoing non-compliance” with anti-money laundering and counter-terrorism financing laws. read more

A former Reserve Bank payments expert has weighed into the surcharging debate, arguing that the regulator’s toleration of “no surcharge” rules in buy now pay later schemes is errant policy. read more

Payments experts and small business groups have delivered mixed responses to the findings of the Reserve Bank’s retail payments review, characterising some of the proposed reforms as potentially incon.. read more

AMP Bank is hoping to drive deeper into the mortgage market this year after adding new digital features to its broker servicing platform. read more

The Reserve Bank has dropped the ball again on getting banks and global card schemes to disclose how they calculate the total costs borne by retailers for accepting card-based payments under merchant.. read more

Record low interest rates might be driving more young people into the property market but the cost for borrowers with small deposits is about to increase. read more

A Sydney-based fintech has reignited a public controversy over King Wood & Mallesons’ partner Scott Farrell’s role as chair of the Treasury review into the Australian payments system. read more