Consumers dispute the accuracy of their credit reports 28 October 2014 4:17PM Disputes about the accuracy of data in consumer credit reports played an increasing part in complaints to the Credit Ombudsman Service over the past year. read more
Bank deposits still the most popular destination for savings 28 October 2014 4:16PM Deposits with banks remain the most popular form of savings, despite low rates on term deposits and at-call accounts. And the most popular destination for new savings is bank accounts. read more
NAB collared for another misleading home loan ad 28 October 2014 4:15PM National Australia Bank will run advertisements correcting misleading claims it made in home loan promotions. read more
Austrac continues its crackdown on remitters 28 October 2014 4:14PM The anti-money laundering and counter-terrorism financing regulator Austrac is continuing its crackdown on the remittance industry, suspending the registration of Melbourne company AVSForex, following.. read more
Briefs: Bluestone launches RMBS, BNP Paribas Securities Services appoints acting head, Adelaide Bank 28 October 2014 4:13PM Non-conforming lender Bluestone Group has launched its first issue of residential mortgage-backed securities for the year. Bluestone is hoping to raise A$209 million through the issue, Sapphire XIII S.. read more
Westpac wins with a points decision in employment case 27 October 2014 4:36PM Former employees of St George Bank have had mixed success in claims against Westpac arising from Westpac's takeover of St George in 2008. While the Federal Court found that Westpac and St George had b.. read more
Macroprudential policy would knock one per cent off big bank earnings 27 October 2014 4:33PM The introduction of macroprudential policy to slow growth in parts of the residential property market could result in a decline in credit growth of as much as seven per cent and a one per cent fall in.. read more
Andronicos takes the reins at Firstfolio 24 October 2014 5:05PM Two years after its last chief executive left the company, mortgage specialist Firstfolio has appointed a new CEO. The head of the company's eChoice division, Peter Andronicos, has been given the top.. read more
Tighter UK bank liquidity rules have not affected lending 24 October 2014 5:03PM Tighter bank liquidity rules introduced in the United Kingdom in 2010 have not resulted in a reduction in lending or an increase in the cost of finance, a study by the Bank for International Settlemen.. read more
UBS pitches geared investment products to SMSFs 23 October 2014 5:27PM Concerns about borrowing by superannuation funds outlined in the interim report of the Financial System Inquiry have not deterred investment bank UBS from launching a limited recourse borrowing arrang.. read more