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A determination by the Financial Ombudsman has provided some clarification on the contentious issue of how repayment history data is to be recorded in credit files when a consumer has entered into a h.. read more

Digital banking start-up ChimpChange has had to change its banking partner in the United States, ahead of its listing on the Australian Securities Exchange this week. read more

Timbercorp Finance liquidator Korda Mentha has failed in a bid for a court ruling that investors who borrowed from the group to invest in its agribusiness schemes cannot defend proceedings for recover.. read more

The major banks have made a strong push to increase their share in the fixed rate segment of the mortgage market this year, a leading broker group reports. read more

The Australian Securities and Investments Commission has commenced proceedings in the Supreme Court of New South Wales against Macquarie Investment Management, to determine the appropriate penalty for.. read more

Banking industry regulators are spending more time watching for emerging risks in the commercial real estate and property development markets than they are in the household sector. read more

A survey of staff in banks worldwide has revealed that remuneration policy is generally "not favourably perceived" and is the element in bank culture most likely to lead to bad behaviour. read more

Financial abuse will be a focus of the Australian Law Reform Commission inquiry into elder abuse, with the commission raising the prospect of a mandatory reporting regime for financial institutions. read more

Australian companies are under-investing in systems to deal with their anti-money laundering and counter-terrorism financing obligations, the AML/CTF regulator says. read more

The Finance Sector Union has accused Commonwealth Bank of causing stress and unsafe practices through a performance management culture focused on meeting sales targets. read more