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National Australia Bank has increased the competitive pressure in the credit card market, offering a zero rate on balance transfers and purchases for 12 months on all its cards. read more

Consumers remain risk-averse and are likely to continue managing their household budgets as they did in 2014 - preferring to save and reduce debt rather than take on new borrowings. read more

The Credit and Investment Ombudsman has adjusted its compensation cap and now has a limit of A$309,000. read more

Macquarie Group has upgraded its earning outlook, with a statement yesterday saying its expects full-year earnings to be up between ten and 20 per cent on the $1.3 billion it earned in the year to Mar.. read more

The mortgage market made solid gains last year and looks set to maintain its momentum in 2015. However, lenders should not assume that it is business as usual; there were some important changes in the.. read more

The fall in first-home buyer participation in the housing finance market is turning into a long-term trend, with a growing number of Australians reporting that they have no plans to buy a home. read more

Electronic property exchange PEXA has chosen a Verizon identity authentication system for its new conveyancing system. read more

Australasian payments processing company Smartpay Holdings reported strong growth in earnings during the September half, on the back of a number of new distribution deals and a positive currency impac.. read more

Foreign exchange service provider OzForex has reported strong growth in income and profit for the six months to September. A highlight for the company was the profit made by its US business after two.. read more

AMP Bank has completed its second issue of residential mortgage-backed securities for the year, raising A$1 billion of funding through Progress 2014-2 Trust RMBS. read more