Stress volcanic at next rate rise 31 May 2024 6:12AM A whopping 78 per cent of mortgaged households polled by Redbridge Consulting say they will experience either “a great deal of stress” or “some stress” in the event the RBA were to hike the cash rate.. read more
Mortgage broker share hits 74% 31 May 2024 6:07AM Mortgage & Finance Association of Australia’s latest data shows that between January and March 2024, 74.1 per cent of all new home loans were written by mortgage brokers. read more
Illigit to debank s*x workers 31 May 2024 6:03AM A Melbourne s*x worker has resolved a discrimination case against two Australian financial service providers that will protect others in the sex work industry from falling victim to “debanking”, plain.. read more
Quest rocks NSW payments 30 May 2024 3:03AM In a vindication of one of the most patient disruption plays in domestic payments, Quest Payments has won a whole of government contract to supply payments devices and related support services across.. read more
Bank adviser Peter Kell heads AFCA consumer panel 30 May 2024 2:47AM Peter Kell will assume the role of independent chair of the Australian Financial Complaints Authority’s consumer advisory panel, one of 50 such panel members. And did you know: AFCA has 65 Ombudsmen... read more
ABA, ACCC widen CIT stakeholder negotiations 29 May 2024 5:39AM The range of stakeholders that will be invited into sensitive industry discussions around cash-in-transit will finally include “other businesses and organisations that distribute cash”, meaning Armagu.. read more
Fitch upgrades major banks to AA- 28 May 2024 6:22AM Falling into line with the credit assessments of it rivals, Fitch Ratings yesterday upgraded the long-term credit ratings of Australia’s four major banks to AA- from A+. read more
Illawarra CU and Community First Bank to merge 28 May 2024 6:18AM Community First Bank and Illawarra Credit Union are planning to merge, the boards of both ADIs informed their members yesterday. read more
All costs, some care in Senate report on bank branch closures in regional Australia 27 May 2024 6:36AM Re-establishing a government owned bank, one with a focus on assuring the supply of financial services in regional areas, is the chief proposal in the report of the Senate’s Rural and Regional Affairs.. read more
Cigno, BSF breached Credit Act 27 May 2024 6:34AM The Federal Court has found Cigno Australia Pty Ltd and BSF Solutions Pty Ltd engaged in credit activity without an Australian Credit licence and charged consumers prohibited fees. read more