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Advocates for a permanent support mechanism for the securitisation market still hope to achieve their goal, despite the Treasurer making no reference to this possibility in his announcement that the.. read more

Bank of Queensland has bought Virgin Money with the expectation it will provide an effective national online distribution channel after it has had mixed results itself trying to expand outside its h.. read more

The reduction in the big banks' wholesale funding costs will give them scope to make out-of-cycle cuts to mortgage interest rates of about 10 basis points, according to JP Morgan research. read more

Liberty Financial has completed a A$500 million issue of prime and non-prime mortgage backed securities - its second RMBS issue this year. read more

Lenders may benefit from a simplified pre-contractual disclosure regime, if Treasury proposals are adopted, but they will have to meet stricter requirements for the more timely issue of disclosure d.. read more

National Electronic Conveyancing Development Ltd, which is building Australia's new electronic property exchange, has announced that it will work with three information brokers. read more

Payday lending has become an increasingly important part of the financial management strategies of low-income Australians, and the sector is one of the fastest growing parts of Australia's consumer.. read more

Consumers will have a grace period before their credit providers can report late payments to a credit bureau, under the terms of the new Credit Reporting Code of Conduct. read more

Visa Australia and New Zealand has postponed implementation of a security requirement that merchants accept only personal identification numbers for card-holder verification. read more

American Express Australia has reported an increase in net profit for the year to December, but the underlying business appears to have weakened. read more