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A parliamentary committee has tied itself in knots, recommending enhanced protection for consumers using small amount credit contracts and consumer leases but also recommending that a bill that would.. read more

Turnover in Westpac’s senior executive ranks continues, with the appointment of Chris de Bruin to head the consumer division. read more

Australia’s newest investment bank, Barrenjoey Capital Partners, launched yesterday. read more

With deposits flooding in and the cost of other sources of funding very low, banks are in a position to keep cutting savings rates. read more

After growing 25 per cent a year since 2014, venture capital investment in the fintech sector dropped by 11 per cent globally in the first half of 2020, according to a McKinsey report. read more

Specialist lender QuickFee has completed a capital raising that will allow it to proceed with the development of an interest-free product in partnership with buy now pay later company Splitit. read more

After being in a standstill agreement with its lender for six months and missing two refinancing deadlines, debt buyer Pioneer Credit has finally found new lenders. read more

Heartland claims to be the leading originator in the reverse mortgage market, with its share growing from 21 per cent to 26 per cent over the year. read more

The South Australian government has announced that it will legislate to increase protection for consumers taking out small amount credit contracts, calling out the Australian government for failing to.. read more

The Customer Owned Banking Code Compliance Committee has issued a best practice note, recommending that phone recording should be used wherever possible to avoid misunderstandings about complaints and.. read more