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Wording in the draft mortgage broker best interest bill intended to limit the effect of the new law to mortgage brokers and mortgage intermediaries "will not have the intended effect" according to a l.. read more

Yellow Brick Road is continuing to rationalise its activities, with the sale of Brightday, a direct-to-consumer online wealth and superannuation business. read more

Treasurer Josh Frydenberg isn't getting any support from the Reserve Bank for his argument that the banks should not apply responsible lending laws "too stringently". read more

A review of Australia's financial counselling services has recommended additional funding for the sector be provided by the big banks, with the aim of doubling consumer access to services over the nex.. read more

National Australia Bank has booked additional charges of A$1.2 billion ($1.7 billion before tax) for customer remediation, as well as a change to the application of its software capitalisation policy. read more

Online retailer Kogan is continuing its push into financial services distribution, with the launch of a credit card. The Kogan Money Black Card offers no annual fees, uncapped rewards and member benef.. read more

Commonwealth Bank and NAB led the big banks in responding to the latest reduction in the cash rates, with neither passing on the full cut. read more

Commonwealth Bank has completed the sale of advisory business Count Financial to CountPlus, marking a milestone in the bank's withdrawal from its aligned advice businesses. read more

Debt buyer Pioneer Credit faces a material uncertainty that may cast doubt on the company's ability to continue as a going concern. read more

The majority of parents surveyed for ASIC's review of school banking programs rate the programs highly, saying they help their children develop an appreciation of the importance of saving. read more