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Lenders fail to meet their responsible lending obligations because of a number of common mistakes in assessing loan applications, said the Financial Ombudsman Service in a new guide to responsible len.. read more

Debt collector Credit Corp has foreshadowed a slowdown in its core business of purchasing distressed debt ledgers, but expects its growing consumer lending business to take up the slack. read more

The Australian Payments Clearing Association has called on government, regulators and payments industry participants to develop policies for managing the decline in cash usage. read more

The number of Australian households saving each month has declined over the past six months along with the average amount being saved. read more

Claims that lenders in pursuit of market share are encouraging borrowers to take loans with high loan-to-valuation ratios are not supported by the latest market data, which shows average LVR levels do.. read more

New South Wales Police have charged a Sydney man with 25 fraud offences, including mortgage and equipment finance fraud. read more

Analysts are divided over what they see as a key question for newly listed mortgage insurer Genworth: whether the company will be able to increase its return on equity to the upper end of its target r.. read more

Mobile payments company Mint Wireless has made a big investment in technology and people to try to turn around its loss-making business. read more

Non-conforming lender Bluestone passes an important milestone this month; it is 12 months since it revived its mortgage origination business. The company is happy with the volume of business it is doi.. read more

Macquarie Bank has been streets ahead of every other mortgage lender over the past couple of years, with annual growth in its book of more than 30 per cent. However, anyone analysing the trend in mort.. read more