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Online consumer lender MoneyMe plans to use the funds raised in its initial public offer to increase its marketing spend, invest in product innovation and expand into new markets. The company says it.. read more

Thorn Group crashed to a loss of $25.6 million in the six months to September, after paying $27.9 million to settle a class action claim. read more

At the heart of Austrac's case against Westpac is a series of arrangements with foreign banks (correspondent banks) designed to make the processing of cross-border payments cheap and easy. read more

Payments company Tyro will use funds raised from its initial public offer to develop the e-commerce side of its business, including a planned hub for the integration of apps and payment terminals. read more

Commonwealth Bank life and general insurer CommInsure has pleaded guilty to 87 counts of making "non-compliant, unsolicited" telephone calls to sell insurance products. read more

Banks will have to contact a customer to try and find a solution to an overdue debt, such as consolidation or hardship support, before selling the debt to a debt buyer. read more

Ministerial power to regulate financial market operators will be transferred to regulators under proposed financial market infrastructure regulatory reform. read more

Commonwealth Bank chief executive Matt Comyn has been making changes to his senior executive ranks since he took over from Ian Narev in April last year. There can't be too many senior roles left to ch.. read more

The payday loan market is booming, with loan values growing at 10 to 15 per cent a year over the past few years, according to a new report. read more

Business finance broker Consolidated Operations Group is furthering its strategy of adding in-house finance products to complement its distribution capability, with the announcement of a merger with S.. read more