Bankruptcy petitions ‘overused’

A coalition of consumer and community legal groups has called for changes to the way banks, debt collectors, finance companies and the tax office use bankruptcy as an enforcement tool when seeking to recover debts. read more

Two year delay for NPP laggards

Millions of Australian banking customers will not get access to real time payments services until next year after two of the country’s most prominent challenger banks – AMP Bank and HSBC Australia - confirmed further delays to their NPP rollout programs. read more

ACCC could scupper AFG buyout of Connective

Australian Finance Group’s share price rallied to a record high on Monday after the nation’s largest mortgage aggregator revealed it would pay $120 million to acquire the operations of one it big rivals, the Connective Group. read more