Maleny CU in need of capital and directors 24 June 2011 4:23PM The proposed merger of MCU Ltd in Maleny with Credit Union Australia will not go ahead after a local campaign rallied members to block the plan. read more
Exit fee ban sticks 23 June 2011 4:50PM The ban on exit fees on home loans will come into force from the beginning of July, after the Senate voted yesterday to uphold the regulations. read more
Australasia lays out pre-paid payment dream 23 June 2011 4:48PM EMerchants, the kernel of a new deposit-taking entity being established by a group of Perth-based entrepreneurs, generated revenue of only A$1 million in the 2010 financial year, its ninth year of t.. read more
Card-not-present fraud keeps increasing 23 June 2011 4:47PM Trends in fraud on payment cards in Australia are sticking to the script. Fraud is rising on credit cards and scheme debit, and falling on Eftpos. The chief culprit in the rising trend is card-not-pre.. read more
Senate defers vote on exit fees 22 June 2011 4:21PM The Senate will vote either today or tomorrow on a motion to disallow regulations that ban exit fees on home loans. read more
Bitcoin battered, not beaten 22 June 2011 4:14PM Bitcoin, a faddish, alternative currency that briefly attracted claims to being "one of the top-returning assets of any kind" (according to Dow Jones) has taken a fall. read more
17% interest earned on interest-free loans 20 June 2011 4:33PM Certegy, a provider of merchant finance, is earning an effective interest rate of 17 per cent on loans marketed to consumers as "interest-free". In some cases the interest rate is as high as 65 per.. read more
Big Sky seeks friendly merger 20 June 2011 4:28PM Australian Unity is in talks with Big Sky Credit Union over a possible merger that would provide a fresh start for the former in developing a niche banking business to complement its investment mana.. read more
Credit cycle twists for banks 17 June 2011 4:22PM The credit cycle for banks is not so much turning, as twisting, with industry-wide data showing an improving trend in the level of impaired assets as well as a persistent worsening in the level of o.. read more
Bank fees rise for business in 2010 17 June 2011 4:19PM Big business in the main, but also, albeit to a lesser extent, small business paid much more in bank fees in 2010, according to separate analyses published yesterday by the Australian Bankers Associ.. read more