84

The founder and chief executive of specialist lender QuickFee is stepping down from the role, to be replaced by the company’s US president. read more

PayPal will enter the Australian credit card market next month, when it launches the PayPal Rewards Card – a Visa card issued under a white label arrangement with Citigroup. read more

The government plans to introduce legislation establishing a “crisis management regime” that will allow the Reserve Bank to manage a failure at a domestic clearing and settlement facility. read more

A court has ruled that a lender seeking to avoid the provisions of the National Consumer Credit Protection Act by lending to a company “for no purpose genuinely connected to its normal business” engag.. read more

Use of ATM machines has recovered from the lows of last year during the lockdown period, but the long-term decline in the use of cash machines is continuing. read more

Class action law firm Shine Lawyers has announced that it is considering legal action against EML Payments, over its failure to notify the market of regulatory and governance issues affecting its subs.. read more

Fintech 9Spokes has pulled off a coup, winning a contract with Virgin Money UK to build a data platform for the bank’s business banking division. read more

Rapidly rising house prices and a pick-up in investor activity are forcing first home buyers out of the market, with new lending to FHBs falling for the second month in a row. read more

The decline in credit card activity, which has prompted one commentator to describe the credit cards as a “legacy product”, has taken on serious proportions, with banks’ credit card balance falling by.. read more

Austrac has issued an alert to banks and their customers warning that a form of money laundering called “cuckoo smurfing” is becoming more prevalent, warning that and they need to be more diligent in.. read more