Aussie Personal Loans News

Commonwealth Bank changes ads following ASIC concern - Jan 16, 2012
The Commonwealth Bank of Australia has agreed to change some of its advertised loan comparison rates after concerns were raised by the Australian Securities and Investments Commission (ASIC)...

Inflation fall strengthens case for rate cuts - Dec 06, 2011
A leading unofficial measure of inflation eased last month due to falling food and fuel prices, strengthening the case for interest rate cuts next year...

Reserve Bank cuts domestic growth outlook - Nov 07, 2011
The Reserve Bank of Australia (RBA) has cut its forecast for economic growth and inflation in its latest quarterly report card...

ASIC moves on consumer credit insurance - Oct 21, 2011
The Australian Securities and Investments Commission (ASIC) has moved to provide further guidance for banks, credit unions and building societies offering consumer credit insurance (CCI) to improve their practices and reduce the risk of miss-selling...

Government cracks down on payday lenders - Sep 04, 2011
The Government has moved to place limits on the fees payday lenders can charge to 'small amount' borrowers, inviting comment on draft legislation...

Bank switching plan gets industry tick - Aug 22, 2011
The Federal Government's plan to make switching banks easier has been welcomed by the banking industry and consumer groups...

Householders reducing debt in uncertain times - Jun 07, 2011
The latest West Australian consumer confidence survey reveals local households are saving more and getting rid of debt...

Banks cancel cards over potential security breach - May 30, 2011
All major banks have blocked, restricted or cancelled what totals thousands of credit cards in response to a potential security breach...

Reserve isolated in tackling global inflation challenge - May 18, 2011
The Reserve Bank has again emphasised its role is to tackle inflation in the broader economy, leaving government policymakers to address the challenges of a two- or three-speed economy...

Rates could rise next month: economists - May 09, 2011
Two major banks have shifted their forecasts for the next official interest rate rise forward to next month...

Credit reforms open for consultation - Mar 09, 2011
Amendments to the National Consumer Credit Protection Act 2009 will give effect to some of the reforms announced as part of the Government’s Fairer, Simpler Banking policy and are now open for consultation...

EFTPOS announces fee reversal - Mar 09, 2011
The company that runs the EFTPOS electronic transaction system is planning to introduce a new fee structure before the end of the year...

ANZ looks to growth in Asia - Feb 21, 2011
ANZ says its 27 per cent rise in quarterly profit is partly due to an expanding customer base both domestically and in its key markets in Asia...

Switch to portable bank accounts not easy - Jan 24, 2011
A federal parliamentary inquiry into banking competition has heard that introducing portable bank account numbers is likely to require significant changes to the system...

Govt, banks and insurers act - Jan 17, 2011
The Federal Government, in consultation with the banks, insurers and some elements of the financial services industry, has acted to remove some of the red tape and fees and charges likely to affect businesses affected by the floods in Queensland and elsewhere in Australia...


Wed, 28 January 2009
Businesses 'must work to court banks'
Businesses will have to work harder in maintaining a good understanding with their banks with only a third confident that access to finance will not change over the next year...



Wed, 04 February 2009
Rudd guarantee saves banks $800m
Australian banks may have saved at least $US500 million ($800 million) in the two months since Prime Minister Kevin Rudd's Government started guaranteeing their bonds, freeing up money to help restore finances battered by the credit crunch...



Tue, 12 May 2009
Hourly fees will deprive many of advice: PIS
The managing director of Australia’s largest dealer group, Professional Investment Services, has come out in support of the Financial Planning Association’s (FPA) guidance paper on the phasing out of commission payments to financial advisers, while at the same time questioning an hourly rate payment model...



Mon, 03 August 2009
Spooked investors reconsider emerging markets
Emerging markets may be making something of a rally, but according to the latest Lonsec Sector Review of Global Emerging Markets and Regional Equities, the past year has seen them subject to deep negative sentiment and anxiety...



Mon, 10 August 2009
World at risk of 'double dip recession'
A senior OECD official says the global financial crisis is far from over and the world faces a serious risk of another credit crunch and a double dip recession...



Mon, 17 August 2009
Don't get used to low interest rates: RBA
Reserve Bank of Australia governor Glenn Stevens has described the historically low official cash rate as an emergency measure which will be withdrawn once the emergency has passed...



Mon, 24 August 2009
ASIC wants a bigger regulatory stick
The Australian Securities and Investments Commission (ASIC) has suggested the regulatory bar confronting financial planning practices be raised, particularly with respect to licensing, claiming the benefits of increased market intervention could outweigh the deficits in terms of market efficiency...



Mon, 31 August 2009
Regulator's backflip
The Australian Securities and Investments Commission (ASIC) has finally awakened from its long hibernation and presented the Government with a blueprint to protect investors from bad financial advice...



Mon, 07 September 2009
Banks' funding guarantee on way out
THE use of the government guarantee to underwrite debt raisings by domestic banks and financial institutions in Australian credit markets is fading as credit spreads improve and investor confidence returns...



Mon, 12 October 2009
Value in stability
Investors who want to own the ultimate in secure investments, a government bond, have never had a better opportunity.

Once considered an endangered species, Commonwealth and state government debt securities have made a big comeback in the past year. And it is not that hard to buy them.



Mon, 09 November 2009
Small firms find loans harder to get
The major banks' reluctance to lend to small- and mid-sized firms has the potential to stunt the economy's recovery and leave unemployment levels high, companies say.. Businesses already complain that their banks have failed to pass on as much of the Reserve Bank's earlier rate cuts over the past year as enjoyed by mortgage holders. In addition, they report facing longer delays in obtaining new loans as banks have tightened lending criteria, slowing their ability to respond to the recent up-tick in economic activity.



Mon, 23 November 2009
Debt servicing gets harder at Christmas
Paying off debt is likely to be harder over the Christmas season and beyond as house prices rise and higher interest rates begin to bite, analysts warn...



Mon, 30 November 2009
Time for some fancy footwork
Credit card providers have special tactics to extract maximum profits from consumers. Lesley Parker exposes their methods

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