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AFCA details its new, user-pays funding model
Most financial firms will pay the same or less to the Australian Financial Complaints Authority (AFCA) under a new, user-pays...
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APRA worries about repayment shock as rates rise
We are now entering a very different environment than has existed for much of the past decade, APRA chair Wayne Byres warned...
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ACCC puts finance sector on notice
The Australian Competition and Consumer Commission’s (ACCC) chair Gina Cass-Gottlieb yesterday put those in the financial services...
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RBNZ hikes rates up by 50bps
As widely expected, the Reserve Bank of New Zealand’s monetary policy committee yesterday increased the official cash rate (OCR) by...
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Chinese economy stung by continued lockdowns
Continued strict lockdowns in Chinese cities and towns are hitting economic activity, leading to weaker growth and economic...
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FSC raises concerns about government’s Super Home Buyer Scheme
The Financial Services Council has raised concerns about prime minister Scott Morrison’s plans to allow access to superannuation...
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Charities urge politicians to make BNPL and wage advance products safer
Over 100 organisations have signed an open letter calling on the next Parliament to make buy now pay later (BNPL) and wage advance...
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March building approvals experience a material slowdown
Australian building approvals fell 18.5 per cent in March after rising a 42 per cent rise in February, according to the Australian...
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Peppermint’s new licence sweetens its opportunities in the Philippines
ASX-listed fintech Peppermint Innovation has opened more doors in the Philippines after securing a license to operate as an...
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Retail turnover at new highs in March
Rising prices and the easing of restrictions helped boost Australian retail turnover by 1.6 per cent in March and reach a new...
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RBA lifts rates by 25bps to combat rising inflation
The Reserve Bank of Australia yesterday lifted interest rates for the first time since November 2010, but only by 25 basis points...
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Why today’s RBA decision is complicated
While economists are generally pricing in a rate hike at today’s Reserve Bank of Australia board meeting, HSBC chief economist Paul...
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