2015 Budget: Support for community-based financial services 13 May 2015 4:20PM 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
Investor property lending surges 13 May 2015 4:19PM 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
Card payment activity jumps in March 13 May 2015 4:18PM The number of purchases made using credit and charge cards jumped 15 per cent in March, compared with the previous month. read more
RateSetter to offer secured loans 13 May 2015 4:17PM 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
Industry thumbs down for FSI excessive surcharging solution 12 May 2015 3:59PM 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
Fourteen per cent of Genworth Australia goes on the market 12 May 2015 3:58PM 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
Westpac puts LOLA on the job 12 May 2015 3:58PM 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
APCA fires up over the RBA's payment regulation review 11 May 2015 3:28PM 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
Mortgage lenders divided on margin versus market share 11 May 2015 3:27PM 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 stumbles with credit card play 11 May 2015 3:27PM 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