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Westpac breached its obligations under the Banking Code of Practice “in a serious and systemic manner” when it closed its Tennant Creek, Northern Territory branch on 19 September 2022. read more

Banks, retailers and Australia Post have agreed to an additional $50 million over a year in funding for Armaguard. read more

The addition of more detailed consumer data, improved regulation of credit repair services, increased credit reporting participation from lenders, telecommunications and utility providers, and Buy Now.. read more

QBE Insurance Group has made clear its commitment to its lenders mortgage insurance division. read more

For only the second time in 60 years, Commonwealth Bank is seeking a Request for Proposals for it lenders mortgage insurance business, a contract held all these decades by Helia and its predecessor, H.. read more

While strange at first glance, the upswing in insolvencies in businesses dependent on mining is a function of broader stress from restrictive monetary policy. The May 2024 Business Risk Index from Cre.. read more

Midkey, a fintech funder with vaulting plans and a minimal loan book, is widening the reach for its idiosyncratic, and pricey, simple interest loans aimed at the most affluent cohorts in the mortgage.. read more

The deposit side is flying at People First Bank, and now veteran CEO Peter Lock is retiring, with Steve Laidlaw, the deputy CEO, taking the helm as planned. read more

Ellis Connolly, the Reserve Bank’s head of payments policy touched on every hot-button issue in online payments in a speech yesterday, one that foreshadows “a holistic review” on the Reserve Bank’s ap.. read more

The next frontier for LCR is mobile wallet transactions, such as through Apple Pay and Google Pay, and the major mobile wallet providers are making “good progress towards being able to support LCR for.. read more