ACCC calls for submissions on CBA's proposed takeover of Aussie 15 January 2013 5:19PM The Australian Competition and Consumer Commission has called for submissions on the "competitive effects" of Commonwealth Bank's proposal to acquire 67 per cent of Aussie Home Loans. read more
Credit card spending grows, but not revolving balances 15 January 2013 5:17PM Consumers increased their spending on credit cards last year, but they kept their revolving balances in check, according to the latest Reserve Bank credit card data. read more
Housing finance soft 15 January 2013 5:15PM The Reserve Bank's cash rate cut last October had little impact on the mortgage market late in the year. The latest Australian Bureau of Statistics housing finance figures, released yesterday, show.. read more
Pepper wins Irish servicing contract 14 January 2013 5:42PM Non-prime lender and loan servicer Pepper Australia has won a loan servicing and asset management contract in Ireland. read more
Debt agreements preferred to bankruptcy 14 January 2013 5:41PM Australians entered into a record number of Part IX debt agreements during the December, according to figures released by Insolvency and Trustee Service Australia. read more
Eftpos enters the rewards game 21 December 2012 5:46PM Payment system group Eftpos Payments Australia has launched a new rewards program aimed at encouraging consumers to take their debit card spending upmarket. read more
Analysis: Macquarie plus Yellow Brick Road does not equal the fifth pillar 21 December 2012 5:40PM An idea is being aired that Macquarie's strong balance sheet combined with YBR's growing distribution network will make the two a force to rival the big banks. That's almost certainly wrong. read more
COSL works to fix delays 21 December 2012 5:38PM The Credit Ombudsman Service has made a number of changes to its processes that it hopes will reduce delays in complaints resolution. read more
Broking industry divided on CBA's Aussie buy 20 December 2012 4:56PM Senior figures in the mortgage broking industry hold divided views regarding the Commonwealth Bank's move to increase its holdings in Aussie Home Loans and how this will impact on competition. read more
Symond to stay at the head of Aussie 19 December 2012 5:40PM Commonwealth Bank has locked John Symond into his role as executive chairman of Aussie Home Loans for four more years, as part of the deal, announced yesterday, which sees CBA to increase its stake.. read more