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Australia's payday lending market has grown up as a bit of a cottage industry but that is going to change dramatically over the next few years, according to one of the industry's leaders. read more

Authorised deposit-taking institutions are still using controversial dual pricing strategies to promote their term deposits, but they have improved their disclosure of interest rates, grace periods.. read more

After several false starts, the mortgage manager Firstfolio has put a re-capitalisation plan in place. read more

Most of the submissions to a government review of card surcharging agree on one key point: the Reserve Bank's new merchant surcharging standard will not work unless a statutory body monitors and enf.. read more

The Credit Ombudsman Service has told its members that one way of reducing the number of complaints it receives is to do more to promote their own internal dispute resolution processes. read more

AMP Bank has joined the growing number of deposit-taking institutions offering notice accounts. Its new deposit product offers savers a premium over its at-call rate but they must give 31 days' noti.. read more

An amendment to the Banking Act, which was passed last week, gives banks an exemption from reporting unclaimed money in accounts that have been reactivated. read more

Lenders pinning their hopes on the introduction of comprehensive credit reporting next year, to give their consumer credit businesses a boost, should not get their hopes up too high, says a principa.. read more

Banks have maintained strong deposit inflows over the past year, despite the steady fall in interest rates. According to the latest figures from APRA, banks' deposit books have been growing at twic.. read more

From this week, payday lenders will have to limit their interest rates and charges, with a cap applying to finance contracts worth up to $2000 that run for less than two years. read more