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Reserve Bank governor Philip Lowe has called for closer co-ordination of monetary and fiscal policy, suggesting that an independent body with limited control over some fiscal instruments would help el.. read more

ASIC has commenced proceedings against PayPal Australia, alleging that its contract terms relating to errors in fees are unfair. read more

Accounting and business management software company Xero has completed its exit from lending, selling its invoice finance business Waddle to Commonwealth Bank. read more

The latest Mortgage and Finance Association of Australia figures shows that brokers wrote 67.2 per cent of all home loans in the June 2023 quarter. read more

The government has started working on improvements to the Consumer Data Right, as it seeks to simplify the rules and improve the consumer experience. read more

Moody’s Investors Service has reviewed the financial reports released by “rated” Australian corporates over the past month and found that their results were “generally supportive” of their credit prof.. read more

The value of new housing lending continued to fall in July but the value of external refinancing was the highest it has ever been. read more

Tyro Payments chief executive Jon Davey is determined to maintain the focus on efficiency that helped deliver strong results in the year to June, and that includes reviewing the role of banking in the.. read more

A Banking Code Compliance Committee inquiry finds there has been considerable improvement in the way banks handle their loan guarantee obligations, but the BCCC wants to see further progress. read more

Judo Bank said it expects the impact of higher rates to be uneven and has tightened its credit policies in some areas. read more