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Households most likely to experience financial stress are single parent families and single non-elderly individuals, while older couples are least likely to experience stress. read more

Consumer groups and community legal centres are pushing for liability for reimbursement to be included in the scam regulatory framework currently being developed by the government. read more

IMB Bank grew its home loan book at more than twice the rate of system growth during the December half-year, but could not escape the margin compression that has hit the retail banking industry and su.. read more

ASIC has warned lenders it will focus on compliance with financial hardship obligations in the year ahead and is ready to take action through the courts. read more

The average home loan size across Australia was $624,383 in December – a big jump from $608,448 in November and the highest average loan size ever recorded in the ABS data set, the Bureau’s latest len.. read more

Electronic lodgement network operators PEXA and Sympli have been given a starting date of December 2025 for full interoperability of their e-conveyancing services. read more

EML Payments’ trouble-plagued Irish subsidiary, PFS Card Services Ireland Ltd, has gone into liquidation after a strategic review of the business concluded that it was “no longer commercially viable o.. read more

Almost five years since the final report of the Hayne royal commission detailed the full extent of bank misconduct, recent headlines have detailed banks charging for services not provided, giving misl.. read more

The Minister for Financial Services Stephen Jones has backed calls to put some “friction” back into the retail payments system to enable more effective fraud detection. read more

There has been an “alarming” rise in breaches of Part 9 of the Banking Code of Practice, which covers obligations to support customers facing financial difficulty. read more