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Lenders need to be more proactive with customers if they want to slow down the high rate of mortgage run-off the industry is currently experiencing, according to an industry consultant. read more

The finance services industry needs a consultation body bringing together regulators, government and industry to regularly review the impact of regulation. This recommendation featured in several subm.. read more

Banking and wealth management software supplier Rubik Financial has completed a A$25 million share placement, putting it "in a strong cash position for proposed acquisition opportunities." read more

Housing finance activity was back on its growth trajectory in February after taking a dip in the holiday season. read more

National Australia Bank subsidiary UBank has cut its deposit rates by 25 basis points. It seems a strange move, given all the industry talk about how hard banks are competing for deposits and loans, b.. read more

After falling throughout 2013, personal insolvency numbers kicked up in the March quarter. read more

Debt collector Pioneer Credit has revealed in its prospectus issued yesterday that its business is heavily dependent on just one client. Seventy-four per cent of Pioneer's purchased debt has come from.. read more

Australia's first-home buyers are morphing into first-home investors, according to new mortgage industry research. read more

It would appear from the submissions to the Financial System Inquiry on the subject of lenders mortgage insurance that no one is particularly happy with conditions in the LMI market. read more

The Financial Ombudsman Service has announced a number of measures to improve its dispute process. read more