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Homeloans Ltd has added what it calls a near-prime loan to its product range. The loan, Accelerate, is available to borrowers with credit defaults and comes in full-doc and low-doc versions. read more

Interest rate caps on payday loans will reduce the amount of finance available to people who rely on short-term lending and will engender a culture of avoidance within the industry, says a UK payday.. read more

The spread of cheaper fixed-rate home loans may have helped lift demand for new loans in September. read more

Eftpos Payments Australia will proceed with its plan to introduce a new interchange fee regime on October 1, despite losing a Federal Court challenge brought by retailer Aldi. read more

Fixed mortgage rate cutting went into overdrive yesterday, with announcements by St George Bank, ING Direct, CUA and Firstfolio. read more

The Federal Court will hand down its judgement this morning in the case brought by retailer Aldi Stores against Eftpos Payments Australia. read more

ING Direct has topped the Mozo awards for the second year in a row, winning best bank, most trusted bank, most recommended bank, best transaction account and best debit card. read more

Issuers of mortgage-backed securities are having to make changes to the structure of their offers to deal with the fact that borrowers are holding on to their mortgages for longer. read more

A combination of subdued demand for financial products and a big outlay on a new core banking system will constrain earnings growth at Credit Union Australia in the current financial year. read more

An increase in friendly fraud is worrying companies in the payments industry. Such a fraud occurs when someone buys goods from an online retailer, receives the goods in the mail but then claims the.. read more