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ACCC seeks views on issues affecting Australian savers

The competition watchdog is calling on banks and bank savers to submit their views on competition and issues affecting retail deposits, as part of its pricing inquiry.

ACCC ‘keen to understand’ credit and deposit rate hikes

The competition watchdog wants to know how banks approach credit and deposit rate changes, with a public issues paper for its deposits inquiry imminently expected.

Government urged to act as women’s financial progress recedes

For the first time in a decade, women’s financial progress finished the year in negative figures, triggering calls for the government to act.

Home loan offering takes off at Qantas

Qantas has launched a white label mortgage offering through its money service, Qantas Money, giving borrowers up to 100,000 Qantas Points per year.

Credit scores unexpectedly improved in 2022: Experian

Despite high inflation and a rising cash rate, the average Australian’s credit score increased during 2022, new data from Experian has shown.

Treasurer urges ACCC to look into deposit rates

Treasurer Jim Chalmers has asked the competition watchdog to look at the rates offered on deposit accounts in light of increases in the cash rate.

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Major banks settle CCI class action for $126m

Three major banks have agreed to settle a class action relating to the sale of three consumer credit insurance products.

Major banks settle CCI class action for $126m
Outgoing APRA chair defends risk weighting framework

Bankers who complain about housing risk weights are “not letting the facts get in the way of a good story,” outgoing APRA chair Wayne Byres has said.

Outgoing APRA chair defends risk weighting framework
Effi partners WE Wumbo in broker-resident app

Smart broker platform, Effi, and ‘smart lifestyle’ management platform, WE Wumbo, have partnered to introduce ‘trusted broker’ profiles to thousands of residents, the companies state

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