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Suncorp chief executive Steve Johnston has confirmed that banking remains a core activity for the group, as he outlined an organisational restructure yesterday. read more

Open banking kicked off yesterday with just two accredited data recipients – organisations that can offer services using the consumer data right. Big bang it was not. read more

The Australian Financial Complaints Authority has banned a credit repair firm from lodging complaints on behalf of consumers and small businesses. read more

One of the most challenging tasks facing mortgage brokers under the new best interest duty will be satisfying themselves that recommending from within their panel of lenders is in the consumer’s best.. read more

MyState Ltd has increased its provisions to take account of COVID-19 impacts and has flagged a capital raising. read more

The Finance Sector Union has accused CUA of using COVID-19 as “cover” to explain away job cut and branch closures. read more

Fleet management, salary packaging and asset finance company McMillan Shakespeare has cut back on its United Kingdom operations, citing COVID-19 impacts. read more

Liquidators appointed to Freedom Insurance Group notified shareholders on Friday that they can expect a return of between zero and one-tenth of a cent per ordinary share. read more

The Federal Court has thrown out ASIC’s case against Westpac over alleged responsible lending contraventions – for the second time. read more

In what is being described as a “race to the bottom”, lenders continued cutting fixed and variable mortgage rates last week. read more