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A drastic pair of corrections from past disclosures - from NAB, mainly, and also Westpac - features in an update from ASIC on Friday on the state of play (and the compensation costs) from "fees for.. read more

Crumbs of business intelligence around the credit card and retail banking operations of Citi in Australia have emerged in a squabble over trade marks. Some good, some not so good. read more

The new, single external dispute resolution and complaints framework scheme "will be established by industry as a company limited by guarantee" the Australian government made clear yesterday. read more

Standard contract terms for small business borrowers will be modified by November to remove a list of sometimes notorious terms. The biggest: removing financial indicator covenants such as loan-to-val.. read more

BPay have confirmed 'Osko' as the branding for the first "overlay" service on the New Payments Platform, which is set to kick off from October. The long discussed Eftpos wallet may also reach the mass.. read more

There was no rush to include a liability levy on banks in this year's budget, John Fraser, secretary to the Treasury has all but told the industry association, refuting much speculation over the origi.. read more

Large multinational foreign banks should be targeted by the planned liability levy, "so as to avoid Australian banks being at a competitive disadvantage in the Australian market to globally active for.. read more

The takeover by loss-making point of sale financier Afterpay of the profitable payments terminal business of Touchcorp is centred on the business model and sales force of the former, the scheme docume.. read more

Demand by investors for property loans may on the wane, in the manner looked for by the banking regulator, if the proprietary research by Digital Finance Analytics has the measure of the market. DFA s.. read more

Nathan Rees, a former Labor premier of New South Wales, has been appointed the new national assistant secretary of the Finance Sector Union. read more