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Desperation and greed have long been an odd couple of bedfellows, as far as the payday lending industry is concerned. read more

Australia's largest payday lender, Cash Converters, is to refund A$20 million in interest and fees to thousands of borrowers after agreeing to settle a class action out of court. A further $3 million.. read more

Media and advertising news site Mumbrella has reported on a campaign by US-based non-profit organisation The International Alliance for Electronic Payments, which is lobbying against increased credit.. read more

The inequality in the distribution of household savings is considerably worse than "the much talked about inequality in incomes," according to a report published yesterday by Bankwest Curtin Economics.. read more

As concern continues over household indebtedness and rising property prices in Australia, the progressive lowering of the cash rate to its current level of two per cent by the Reserve Bank of Australi.. read more

The recent financial crisis increased China's ambition for further reform at a faster rate than expected, according to Huw McKay, Westpac's deputy global head of economics. However, the pace of refo.. read more

The march towards internationalisation of the renminbi may be put on hold while China repairs its domestic economy, an expert panel has suggested. read more

In volume 21 of the JP Morgan Australian Mortgage Industry Report, released yesterday, the Australian office of the US investment bank JP Morgan tackles a perennial hot topic: first home buyers. read more

In a speech to market economists in Brisbane yesterday, the Reserve Bank of Australia Governor, Glenn Stevens, said "in Australia, recent growth in the economy has not been as strong as we want." read more

The low interest rate environment continues to reflect well on the banking sector, with overall satisfaction levels among Australia's personal banking customers still high. read more