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Lender fined in Federal Court

The Federal Court has ordered GE Money to pay a penalty of $1.5 million for making false or misleading representations to more than 700,000 of its credit card customers.

CBA to review advice failures

CBA chief Ian Narev has announced an ‘open review program’ to investigate the advice failures at CBA dealer groups Commonwealth Financial Planning and Financial Wisdom.

Analysis: Return of the Red Star

NAB’s shock announcement last week of a major rebranding and the reintroduction of first-year trail commissions marks a significant milestone for the lender.

FHB numbers to fall further

Low interest rates have failed to attract first home buyers to the market, with the situation expected to deteriorate when rates eventually rise.

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LATEST PODCAST: What ASIC’s revised responsible lending guidance entails

Do you think Australia will move to quantative easing this year?

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