CBA agrees to $700m penalty

CBA have come to an agreement with AUSTRAC to pay a $700 million penalty relating to serious breaches of anti-money laundering and counter-terrorism financing laws.

Big weekends' cause of most lost credit cards

Planning a big one this weekend? You might want to triple check your credit card is still in your wallet, as 8am Monday morning is the most common time for Aussies to report their card as lost or stolen.

What budget? Holiday overspending costing Aussies $4.6 billion

Treating yourself while on holiday may be one of life’s small joys, but breaking the holiday budget is costing Aussies a collective $4.6 billion a year.

Banks ramp up credit card repayment plans

Banks are ramping up credit card repayment plans following the lightening success of Afterpay, with Australia’s biggest bank, Commonwealth also due to launch a repayment offering in coming weeks.

Bendigo Bank customers most satisfied in Australia

Roy Morgan research has found customer satisfaction with the banks in the six months to March 2018 was at 80.9 per cent, down 0.1 percentage points from February.

One stop shop' for financial complaints commencing in 2018

The new Australian Financial Complaints Authority (AFCA), first announced in May 2017 by the Australian Government, will be a “one stop shop” to deal with financial system complaints.

Aussie interest in buying new vehicles is dropping

2.28 million Australians intend to purchase a new vehicle in the next four years, however, this number has fallen by 270,000 people from 2.55 million last year.

APRA throws a lifeline back to property investors

Today’s announcement from APRA to remove the investor loan growth benchmark will see some banks cut investor rates to lure back more investors into the lucrative sector.

Australian consumer confidence bounces back

Consumer confidence has bounced back from its previous decline, rising 2.2 per cent last week to 118.5, according to data from ANZ-Roy Morgan Australian Consumer Confidence.

Why you can't afford to ignore your credit score

If you’ve been putting off checking your credit score in fear of an average rating, you could be making common mistakes that are detrimental to your credit history. Worse, you are missing a valuable opportunity to improve your score.