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APRA believes its 50 basis point increase in the mortgage serviceability buffer to 3 per cent will reduce the maximum borrowing capacity for the typical borrower by around 5 per cent, but commentators.. read more

APRA embarked on its third round of macroprudential intervention in the mortgage market this week, when it increased the minimum interest rate buffer for loan serviceability assessments from 2.5 per c.. read more

Even though households have topped up their savings over the past 18 months, with big flows into deposit accounts, saving remains the top financial goal for Australians. read more

The government has amended the consumer data right rules in the hope that there will be greater participation in the scheme, which has had a slow build since it was launched in July last year. read more

Perpetual Ltd has acquired capital markets business Laminar Capital, a part of which handles outsourced treasury management for a number of small ADIs. read more

ASIC has warned that it will not be a defence against a charge of breaching the new anti-hawking rules that there was no product sale or that the consumer was given time after the offer to consider th.. read more

The Productivity Commission found there is a gap for unsecured finance between $250,000 and $5 million, with few lenders willing to offer these loans.     read more

Mastercard has selected Australia, along with the US and the UK, for the initial rollout of its new payment offering, Mastercard Installments – a buy now pay later program for online and instore payme.. read more

While financial regulators consider their options for putting the brakes on the runaway housing finance market, lenders are doing their best to keep the momentum going. read more

UK open banking company Truelayer has received unrestricted data recipient accreditation from the ACCC and yesterday officially launched its business in Australia, promising to be a conduit for foreig.. read more