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Three independent directors will join the board of Eftpos Payments Limited, the special purpose company established to revitalise the quarter century old debit payment network. read more

MyState Financial will demutualise with support from 84 per cent of members voting at a special meeting of the credit union in Hobart yesterday. read more

Credit Corp has met or surpassed all its targets for the June 2009 financial year, and while there won't be any bonanza from chasing the rising ranks of delinquent debtors, the debt collection special.. read more

The captive lenders mortgage insurance subsidiary of Wide Bay Australia will be a drag on profit for the Bundaberg-based lender, the company said yesterday. read more

If NAB aims to address its underweight position in the mortgage market by buying the competing business from Challenger, it will be the white-label division and not the mortgage broking arm that the b.. read more

National Australia Bank, historically, considered the broking channel largely incompatible with its own business model - too hard to work with, too unprofitable and too much trouble to rate an area fo.. read more

You can say one thing about Choice Aggregation Services, PLAN Australia and FAST: like other mortgage brokers they don't sell NAB home loans. Or infrequently, at least. read more

Rural Bank may also be about to demonstrate that debt investors are once again willing to invest in asset-backed securities. read more

Automatic teller machine operator Customers Limited said use of its independently-owned ATMs was "returning to around 90 per cent" of the level prior to the 3 March 2009 shift to direct charging for A.. read more

Two credit unions in South Australia, Australian Central and Savings & Loans, plan to merge by the end of the year, creating an entity with $7 billion in assets. The merged mutual will be the seco.. read more