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Credit bureau operator Veda has opposed the idea of establishing a database of small amount credit contracts, saying it would be an unnecessary duplication of resources. read more

The Australian Payments Clearing Association has registered Citibank NA and HSBC as tier one participants in the Bulk Electronic Clearing System. read more

The future of the Personal Property Securities Act remains unclear, with the Attorney-General's Department yet to respond to a review of the Act that was completed in March. read more

After declining for four straight months, new business lending picked up in September. read more

Spending on debit cards is catching up with spending on credit cards and, given current relative growth rates, will overtake credit cards within the next couple of years. read more

Mortgage specialist Firstmac has completed its second issue of residential mortgage-backed securities for the year, raising a smaller amount of funds and paying a significantly bigger margin the secon.. read more

Economists and bankers have been saying that Australia's economic problems are concentrated in the mining states of Western Australia and Queensland but the official insolvency statistics tell a diffe.. read more

The financial services industry figured prominently in complaints and inquiries to the Office of the Australian Information Commissioner during the year to June. read more

Westpac subsidiary BankSA will close 20 of its 104 branches and has told customers they will have to use Australia Post for over-the-counter services. read more

Westpac's automated credit assessment system LOLA, which was introduced for small business last December, is being trialled for use in the bank's middle market business after a successful first year o.. read more