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Australian consumers continue to empty their wallets of credit cards, as the switch to Eftpos and scheme debit rolls on. read more

After announcing ambitious expansion plans in January, online term deposit marketplace Cashwerkz has paused to overhaul its board and management in the face of funds outflows. read more

Major banks need to lower their pricing to reduce the level of refinancing, Macquarie Securities argue in research informed by shadow shopping. read more

ASIC has used its new product intervention power to stop a group of short-term lenders using a loan structure that it found caused significant consumer detriment. read more

Receivables finance company CML Group will increase its invoice discounting business five-fold with the acquisition of Classic Funding Group. read more

Financial services group Australian Unity has tapped the little-used simple bond market, launching two new series bonds on the Australian Securities Exchange. read more

Westpac and its subsidiary banks have launched an aggressive round of mortgage interest rate cutting, with reductions of as much as 130 basis points. read more

July produced the strongest monthly increase in new lending commitments since October 2014 - all down to mortgage lending - a trend that suits many agendas save for stability and prosperity. read more

The government's new deferred sales model for add-on insurance products will include an option for ASIC to exempt products where the benefits of being able to purchase add-on insurance immediately out.. read more

Slater and Gordon has filed a class action against Westpac subsidiaries on behalf of superannuation members. The claim was filed against BT Funds Management and Westpac Life Insurance Services on Frid.. read more