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A review of the Banking Code of Practice finds a key challenge in strengthening the effectiveness of the code is the attitude of some banks, which see it as no more than a regulatory burden.  read more

Thorn Group has given up on its attempt to revive its consumer finance business Radio Rentals and has sold it to Credit Corp. read more

After the Hayne report, the banks promised the clean up their act. Westpac hasn’t and the court documents show it hasn’t because its systems are so poor that it can’t. read more

Australian Finance group will acquire 75 per cent of asset finance aggregator National Finance Alliance, which trades as Fintelligence. read more

Banks trying to manage the misuse of payment text fields have another problem to deal with besides abusive payments. Criminal organisations are using the text fields for communication. read more

After a bumper year in the residential mortgage-backed securities market, with record issuance for some non-ADI lenders and the tightest margins in over a decade, issuers have been cautioned that mark.. read more

Attempts to tap new sources of funding for SME lenders via securitisation have made some progress this year, with the development of a standardised loan data reporting template. read more

Commonwealth Bank reported a 1 per cent fall in income in the September quarter, as it faces questions from analysts about whether its share price premium over its big bank peers is justified. read more

Most businesses in the financial services industry have plans to use open banking data to develop new products and services. But they find the Consumer Data Right overly complex, the cost of participa.. read more

Banks and other financial services and credit licensees should give consumer the benefit of the doubt when carrying out remediation, according to draft guidance issued by ASIC. read more