Consumer lending (921 items)

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Card-not-present fraud keeps increasing

Trends in fraud on payment cards in Australia are sticking to the script. Fraud is rising on credit cards and scheme debit, and falling on Eftpos. The chief culprit in the rising trend is card-not-present fraud. Banks and payments industry bodies say the trends are as expected, and they continue to promote education of merchants and consumers as the chief antidote to the problem. read more

Lenders take different paths on exit fees

While niche lenders make a last ditch bid to derail the Government’s plan to ban mortgage exit fees, a number of lenders have cut their fees. There are plenty of others that are waiting to see how the debate over exit and early termination fees plays out. read more

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