Banks rush TFF funding as deadline looms 10 June 2021 5:49AM 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 hikes more fixed rate mortgages 09 June 2021 5:54AM Westpac yesterday announced further hikes to fixed rate home loans for owner occupiers following material repricings at the end of April. read more
Westpac leads the way on vaccination leave 09 June 2021 5:50AM 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
NAB not coming clean with investors on details of its “pervasive” AML breaches 08 June 2021 6:00AM 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
Former RBA expert says surcharging policy is anti-competitive 02 June 2021 5:25AM 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 air concerns about RBA reform proposals 01 June 2021 6:23AM 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 lifts as assessment times drag at major banks 01 June 2021 6:22AM 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
Opinion: RBA defies mandate with scheme fee inaction 31 May 2021 5:05AM 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
QBE hikes LMI premiums 27 May 2021 5:28AM 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
Sydney fintech wants KWM partner Scott Farrell removed from Treasury review 26 May 2021 5:39AM 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