Macquarie remediation process 'flawed'

Macquarie Group's remediation process for financial planning clients, announced on Friday, has been criticised for providing insufficient detail of the process and not offering clients appropriate leg.. read more

Insolvency numbers spike in ACT and NT

The Australian Financial Security Authority released figures last month showing that personal insolvency activity fell 10.1 per cent in the June quarter, compared with the previous quarter. read more

Aussie CEO quits

Aussie Home Loans chief executive Ian Corfield has quit the job after just one year. read more

Bank fees case goes open class

Maurice Blackburn Lawyers and litigation funder Bentham IMF issued statements yesterday confirming that they had commenced "open class" proceedings in the New South Wales Supreme Court, seeking to exp.. read more

Debit card growth outpaces credit in 2013/14

Spending on debit cards grew at almost twice the rate of growth in spending on credit and charge cards during the 2013/14 financial year. Growth in the number of debit card accounts also outpaced grow.. read more

Democracy movement has a win at the MFAA

The Mortgage & Finance Association of Australia is re-rewriting its constitution to give members a greater say in the running of the organisation, which represents mortgage brokers and other finan.. read more