Consumer credit practices ripe for reform

Banks need to sharpen up their practices for assessing unsecured loans, overdrafts, credit cards and credit card limit increases to individual and small business customers, the Code Compliance Monitor.. read more

Veda sees a brisk period for consumer lending

"New entrants", including the marketplace lending and fintech set, are doing their bit to drum up demand for consumer credit. Veda's Consumer Credit Demand Index for the December 2016 quarter also sho.. read more

Banks tackle hardship via debt smoothing

The banking industry may trample on the terrain of the debt consolidation sector, working alongside the financial counselling sector to set up a "new debt repayment service to help people manage multi.. read more