Brandis orders change to CCR late payment grace period 27 March 2014 5:10PM The grace period before late payments are recorded in the repayment history file of a consumer credit report is to increase from five to 14 days. read more
Australia on track to be a renminbi hub 27 March 2014 5:06PM China is likely to support Australia's development as one of the world's renminbi hubs, according to new research on the internationalisation of the RMB. read more
Contactless payments booming 27 March 2014 5:05PM Forty per cent of all face-to-face Visa card transactions in Australia are now made using the group's contactless system, payWave. read more
Lenders may need comprehensive credit reports to meet responsible lending obligations 26 March 2014 4:34PM Lenders that do not upgrade their credit reporting systems and participate in the new comprehensive reporting regime may run the risk of not meeting their responsible lending obligations, an industry.. read more
ASIC will be flexible with FOFA enforcement 26 March 2014 4:33PM The Australian Securities and Investments Commission is working within what it calls its "facilitation period" for the introduction of Future of Financial Advice laws and is taking a flexible approach.. read more
Stop fretting over the state of the corporate bond market, says RBA 26 March 2014 4:31PM The stunted nature of Australia's corporate bond market worries a lot of academics, regulators and participants in the capital markets but not the folks at the Reserve Bank. read more
ING Direct makes progress with primary bank strategy 25 March 2014 5:14PM ING Direct is making progress in its strategy of becoming the main financial institution for more of its customers, according to chief executive Vaughn Richtor. read more
Macquarie forecasts big jump in earnings 25 March 2014 5:13PM Macquarie Group has forecast that its profit for the year to the end of March will be around 40 per cent to 45 per cent higher than its 2013 result. In an investor briefing in Hong Kong later this wee.. read more
Card issuers spruce up their business credit cards 24 March 2014 4:31PM With business conditions improving and banks looking to increase growth in their lending portfolios, competition in the business cards rewards market is picking up. read more
Consumers warm to digital wallets 21 March 2014 4:44PM Strong growth in consumer use of contactless payment technology has encouraged banks and service providers to push ahead to the next frontier - digital wallets in mobile electronic devices. read more