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There were several small measures in last night's 2015 Budget papers that will affect parts of the financial services industry, particularly those in the community sector. read more

The latest housing finance figures show that investor demand for finance is still strong, despite warnings from the regulator that growth needs to be restrained and moves by banks to tighten underwrit.. read more

The number of purchases made using credit and charge cards jumped 15 per cent in March, compared with the previous month. read more

Peer-to-peer lender RateSetter will expand its product range to include secured personal loans, following approval from the Australian Securities and Investments Commission. read more

Payment industry submissions to a Reserve Bank review of card payments regulation have urged the RBA not to adopt the Financial System Inquiry's recommended solution to the problem of excessive surcha.. read more

Genworth Mortgage Insurance Australia announced yesterday that its majority shareholder, US insurer Genworth Financial, would sell a significant portion of its holding in the Australian company. read more

Challengers like OnDeck and ThinCats are not the only lenders using customer data and automated credit assessment systems to approve loans for small business borrowers. Westpac is getting into the act.. read more

The Australian Payments Clearing Association has taken the Reserve Bank to task over the focus of its review of card payments regulation, saying it is narrow in scope and fails to recognise the change.. read more

Almost half of the mortgage lenders that have cut rates since the Reserve Bank announced a 25 basis point reduction in the cash rate last week have not passed on the full rate cut, according to compar.. read more

Macquarie Group is in the process of turning its personal banking unit into a full-service retail bank, as it seeks to take advantage of its runaway success in the mortgage market, as well as strong g.. read more