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The consumer data right should only be extended to include non-bank lenders if steps are taken to lessen the risks of consumer detriment, a group of community law centres and financial counsellors arg.. read more

Heritage Bank and People’s Choice Credit Union have completed the due diligence on their proposed merger and have decided to proceed with their union. read more

Demand for fixed-rate mortgages “plummeted” during the March quarter and the big banks’ market share has taken a hit in the process, according to a leading aggregator. read more

Afterpay’s new owner Block yesterday released the buy now pay later company’s December half-year financial report, which details growing losses and impairments.  read more

The margin differential between tier 2 securities and additional tier 1 securities (hybrids) has become “abnormally narrow” and may stay that way for some time, according to new research. read more

Several bills affecting the financial services industry were before Parliament when the election was called on Sunday. With Parliament prorogued, the bills lapse.  read more

Borrowers taking out high debt-to-income housing loans are not a homogenous group and the recent increase in their number does not necessarily point to higher default risks. read more

A parliamentary committee recommending that the government implement so-called “tranche 2” reforms, saying the reforms are “essential”. read more

American Express has been rated the “top premium brand in Australia” by respondents to a Roy Morgan survey. read more

The Federal Court has ordered Westpac to pay a A$1.5 million fine for mis-selling consumer credit insurance to customers who had not agreed to buy the insurance. read more