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Australian Finance Group has changed the clawback arrangements in its AFG Securities (in-house lending) division, claiming it has come up with a fairer model that balances the interest of brokers and.. read more

Payment-enabled devices accounted for 8 per cent of in-person consumer payments in Australia last year, increasing from just 1 per cent three years ago. read more

The Law Reform Commission calls a reset of corporate law: The law should contain one clear method of determining when a corporation is responsible for a crime.” Today, the law contains too many crimin.. read more

Payments start-up Change Financial will take over the Australian and New Zealand businesses of failed German payments processing business Wirecard. read more

Comparison sites have given mixed reviews to the two no-interest credit cards that were launched last week, NAB’s StraightUp and CBA’s Neo. read more

A day after NAB launched a zero-rate credit card, Commonwealth Bank has announced that it will offer a similar product. read more

Around 50 originators are interested in the multi-seller warehouse proposal that was recently put to the Australian Office of Financial Management. read more

The First Home Loan Deposit Scheme was used by one in eight first home buyers between March and June this year, according to a review of the scheme. read more

Cash use by Australian consumers has recovered after falling sharply in the first months of the pandemic. read more

Consumers and businesses wiped another significant chunk off their credit card debt in July, continuing a trend that has been one of the features of the financial impact of COVID-19. read more