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The decline of margin lending to the status of an obscure financial product continues, with the number of client accounts below 100,000 for the first time since 2001. read more

The government has revived its policy of mandatory comprehensive credit reporting, releasing a draft bill for consultation yesterday. read more

A coalition of consumer and community legal groups has called for changes to the way banks, debt collectors, finance companies and the tax office use bankruptcy as an enforcement tool when seeking to.. read more

The Australian Office of Financial Management is looking for an investment manager to help it manage its new Australian Business Securitisation Fund. read more

One early outcome of the strategic review that Thorn Group started in April is that it is losing its chief executive. CEO Tim Luce announced his resignation yesterday, saying he would work through the.. read more

The bad news is that there is unlikely to be any return for Axsesstoday shareholders from the sale of the firm to Cerberus Capital. read more

The government will amend the Privacy Act to allow credit reports to include information about financial hardship arrangements. read more

The Australian Banking Association is preparing to push back against ASIC's plan to make responsible lending guidelines more prescriptive, and will argue for the maintenance of the principles-based ap.. read more

Westpac has been hit with a $1.5 million fine for failing to meet data reporting obligations. The Australian Prudential Regulation Authority said the bank and two of its registered financial corporati.. read more

APRA chair Wayne Byres has a message for bankers complaining about the growing burden of regulation: come up with some self-regulatory initiatives as an alternative way of achieving better outcomes. read more