332

The Financial Ombudsman Service will streamline its dispute lodgment process, reduce timeframes for dispute resolution and bring expert decision-makers into the process earlier, as part of an overhaul.. read more

Yellow Brick Road will raise around A$42 million in equity capital to pay the cash component of its acquisitions of mortgage manager Resi Mortgage Corp and aggregator Vow Financial. read more

Lenders and debt collectors will have to revise their operating procedures to take account of changes to the Privacy Act that take effect next March. The Australian Competition and Consumer Commission.. read more

Personal bankruptcies fell 25.1 per cent in the June quarter, compared with the same quarter last year, and are now at their lowest level since 1995. read more

La Trobe Financial has adapted a contributory sub-fund structure in its La Trobe Australian Mortgage Fund to package a first-home buyer product allowing parents to lend to their children. read more

With the sale of its professional finance, asset finance and leasing businesses to Bank of Queensland expected to be completed by the end of this month, a media release from Investec Bank (Australia).. read more

A small Western Australian credit union, Collie Miners Credit Union, will merge with Sydney-based Maritime Mining and Power Credit Union. read more

The value of transactions processed through mobile point of sale terminals is expected to be A$7.6 billion this year, rising to $21.7 billion in 2016. read more

Senior Australian bureaucrat Roger Wilkins has been appointed president of the Financial Action Task Force. Wilkins, who is secretary of the Attorney-General's Department, will lead the inter-governme.. read more

The Australian Payments Clearing Association has started the new financial year with a new constitution that will broaden membership and improve its governance structure. The payments industry's self-.. read more