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Lender Australian Capital Financial Management has failed in its bid to have a court rule that the Australian Financial Complaints Authority denied it procedural fairness in the handling of a complain.. read more

Receivables management company Credit Clear has embarked on a major expansion, announcing the takeover of debt recovery company ARMA Group Holdings. read more

Australia’s major banks may have made a strategic blunder when they used their Term Funding Facility finance to offer highly competitive fixed-rate mortgages, not reckoning that large numbers of their.. read more

The government will extend the functionality of the Consumer Data Right by introducing consumer-directed third-party action initiation, which will enable payment initiation in open banking. read more

The government has announced the appointment of new heads for the Australian Competition and Consumer Commission and the Foreign Investment Review Board, while ASIC announced a several senior appointm.. read more

The government has knocked back the recommendation of the Payment System Review that it establish a payments industry convenor, saying it plans to enhance Treasury’s payments expertise and handle stra.. read more

News that the treasurer plans to adopt the recommendation of Treasury’s recent review of the payments system and expand the scope of payments system regulation to cover digital wallets and BNPL will b.. read more

ANZ has invited customers to register for its new digital banking service, ANZ Plus, which will be available from early next year. read more

One in 10 adult Australians are struggling with their finances and 17 per cent are just “getting by”, according to the latest ANZ Financial Wellbeing report. read more

Financial Counselling Australia has renewed its call for regulation of the buy now pay later sector, after a survey of its members revealed BNPL debt is a growing contributor to household financial st.. read more