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The Australian Competition and Consumer Commission has renewed its call for banks to introduce confirmation of payee arrangements as a way of improving consumer protection against the growing risk of.. read more

The value of new housing finance commitments rose 1.7 per cent in May, compared with the previous month. The A$32.4 billion of new lending during the month was 0.4 per cent down on the same time last.. read more

Buy now pay later company Openpay has “paused” its US operation indefinitely and ceased loan originations on its Opy USA platform. read more

The National Housing Finance and Investment Corporation will allocate 40,000 new places a year under an expanded Home Guarantee Scheme that kicked off on 1 July, and the government said it is pushing.. read more

Australia’s latest real-time payments service, PayTo, is up and running today with six banks ready to start enabling customer accounts and five payment service providers offering merchants access. read more

Tyro chief executive Robbie Cooke has resigned to take up the top job at scandal-plagued casino operator Star Entertainment Group. read more

Banks are struggling to meet the service availability requirements of the consumer data right, once again putting the business case for using open banking in question. read more

The SME Recovery Loan Scheme ends this week, having been a conduit for almost 100,000 loans worth more than A$10 billion. read more

Customer owned banks have been urged to review their approach to dealing with vulnerable customers ahead of changes to their obligations in a revised Customer Owned Banking Code of Practice that comes.. read more

Buy now pay later company Zip Co said it is “well placed” to respond to rising interest rates, with a series of initiatives that includes increasing consumer fees, merchant re-pricing, speeding up cus.. read more