Payment companies get serious about the digital wallet 27 February 2013 5:29PM Visa signed its third mobile payments partnership in four months yesterday with the announcement of a global alliance with Samsung to develop mobile payment products. read more
ASIC issues tougher responsible lending standards 27 February 2013 5:20PM Lenders offering small loans to low income earners and reverse mortgages to retirees will have to meet a higher responsible lending standard from now on. read more
Money3 welcomes regulatory certainty for short-term lenders 26 February 2013 6:03PM Short-term lender Money3 Corp has welcomed changes to consumer credit legislation that toughen its responsible lending obligations and impose caps on fees and charges, saying it has certainty about it.. read more
CBA gives Firstfolio until June to raise capital 26 February 2013 5:52PM Mortgage manager Firstfolio must raise capital by June to avoid defaulting on the terms of its senior debt-funding arrangement. read more
Silver Chef's earnings jump 41 per cent 26 February 2013 5:49PM Small business equipment finance company Silver Chef reported very strong results for the 2011/12 financial year, and it kept the momentum going in the December half. read more
Mortgage activity takes a dip 26 February 2013 5:48PM Mortgage activity has so far fallen 1.9 per cent in February, according to a new mortgage index issued by RP Data. read more
Too early to say if debt aversion will persist, says Stevens 26 February 2013 5:45PM A concern expressed in a number of economists' commentaries on monetary policy over the past year is that interest rate cuts may not be stimulating the economy in the way they once did. read more
CBA taps into surging RMBS market 25 February 2013 5:33PM Commonwealth Bank tapped into the resurgent mortgage-backed securities market, with a deal that was upsized from A$750 million to $2.3 billion. read more
Homeloans' results subdued in line with the market 25 February 2013 5:06PM Mortgage specialist Homeloans Ltd reported lending volume growth of 1.8 per cent in the six months to December, in line with the subdued conditions in the market. read more
No margin lending pick-up 25 February 2013 5:02PM Lenders' hopes that strong equity market conditions in the second half of last year would flow through into higher demand for margin loans have not been realised. Margin lending figures published by.. read more