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Uncertainty about ASIC’s power to make orders relating to fees and charges paid by consumers under its product intervention power has been clarified in a bill the government introduced last week. read more

Bank fee income declined sharply in 2020 as the effect of COVID reduced spending and financial activity in the Australian economy. read more

Despite a significant fall in the number of cash access locations in recent years, how far most people have to travel to reach branches, ATMs and Bank@Post has not changed all that much. read more

The Council of Financial Regulators has identified signs of increased risk taking by lenders recently and is seeking assurance from lenders that they are managing the risks in their mortgage portfolio.. read more

Teachers Mutual Bank Ltd has simplified its home loan range, cutting the number of products from six to three and introducing some new benefits. read more

Western Union has upgraded its partnership with Australia Post, launching a digital transfer option to sit alongside the post office service that has operated for the past 17 years. read more

Strong demand for residential mortgage backed securities has allowed AMP Bank to upsize its latest transaction from A$500 million to $1 billion and price the senior notes at a margin of just 60 basis.. read more

The latest change to insolvency and bankruptcy rules – a higher threshold for statutory demands - takes effect next month. read more

Comparison sites Canstar and RateCity have run the rule over PayPal’s new credit card and given it positive but not particularly glowing reviews. read more

The cryptoasset market has reached sufficient size that banking regulators are starting to look at the prudential standards for banks’ exposures to the asset class. read more