Car Loans Australia News

Commonwealth Bank changes ads following ASIC concern - Jan 16, 2012
The Commonwealth Bank of Australia has agreed to change some of its advertised loan comparison rates after concerns were raised by the Australian Securities and Investments Commission (ASIC)...

Inflation fall strengthens case for rate cuts - Dec 06, 2011
A leading unofficial measure of inflation eased last month due to falling food and fuel prices, strengthening the case for interest rate cuts next year...

Reserve Bank cuts domestic growth outlook - Nov 07, 2011
The Reserve Bank of Australia (RBA) has cut its forecast for economic growth and inflation in its latest quarterly report card...

ASIC moves on consumer credit insurance - Oct 21, 2011
The Australian Securities and Investments Commission (ASIC) has moved to provide further guidance for banks, credit unions and building societies offering consumer credit insurance (CCI) to improve their practices and reduce the risk of miss-selling...

Government cracks down on payday lenders - Sep 04, 2011
The Government has moved to place limits on the fees payday lenders can charge to 'small amount' borrowers, inviting comment on draft legislation...

Bank switching plan gets industry tick - Aug 22, 2011
The Federal Government's plan to make switching banks easier has been welcomed by the banking industry and consumer groups...

Householders reducing debt in uncertain times - Jun 07, 2011
The latest West Australian consumer confidence survey reveals local households are saving more and getting rid of debt...

Banks cancel cards over potential security breach - May 30, 2011
All major banks have blocked, restricted or cancelled what totals thousands of credit cards in response to a potential security breach...

Reserve isolated in tackling global inflation challenge - May 18, 2011
The Reserve Bank has again emphasised its role is to tackle inflation in the broader economy, leaving government policymakers to address the challenges of a two- or three-speed economy...

Rates could rise next month: economists - May 09, 2011
Two major banks have shifted their forecasts for the next official interest rate rise forward to next month...

Credit reforms open for consultation - Mar 09, 2011
Amendments to the National Consumer Credit Protection Act 2009 will give effect to some of the reforms announced as part of the Government’s Fairer, Simpler Banking policy and are now open for consultation...

EFTPOS announces fee reversal - Mar 09, 2011
The company that runs the EFTPOS electronic transaction system is planning to introduce a new fee structure before the end of the year...

ANZ looks to growth in Asia - Feb 21, 2011
ANZ says its 27 per cent rise in quarterly profit is partly due to an expanding customer base both domestically and in its key markets in Asia...

Switch to portable bank accounts not easy - Jan 24, 2011
A federal parliamentary inquiry into banking competition has heard that introducing portable bank account numbers is likely to require significant changes to the system...

Govt, banks and insurers act - Jan 17, 2011
The Federal Government, in consultation with the banks, insurers and some elements of the financial services industry, has acted to remove some of the red tape and fees and charges likely to affect businesses affected by the floods in Queensland and elsewhere in Australia...

Dollar to stay high in 2011 - Jan 04, 2011
Economists are expecting the Australian dollar will continue to rise this year and should hover around parity with the greenback for several months...

RBA and APRA agree to banking liquidity framework - Dec 21, 2010
The Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA) have agreed to help authorised deposit-taking institutions (ADI) adhere to new liquidity requirements...

Forecaster slams RBA's premature rate rise - Dec 08, 2010
An economic forecaster says the Reserve Bank may have been too hasty in raising interest rates last month, because many parts of the economy are still experiencing very tough conditions...

Bank customers urged to switch and ditch - Dec 06, 2010
The year might be winding down in the lead-up to Christmas, but the heat is intensifying for Australia's big four banks...

Frustration continues for NAB customers - Nov 29, 2010
The National Australia Bank says it cannot promise that thousands of customer accounts will be restored by the end of today...

Coalition moves to boost bank competition - Nov 22, 2010
The Federal Opposition will introduce a private member's bill today aimed at increasing competition in the banking sector...

US sues American Express - Oct 06, 2010
The United States government has filed a lawsuit against credit card company American Express for allegedly imposing unfair restrictions on merchants who accept its cards...

Reverse mortgages: badly judged or just misunderstood? - Sep 07, 2010
Reverse mortgages are often condemned as risky and complex financial products. Consumers have very little understanding of these retirement solutions and what they can offer and many financial planners have generally given them a wide berth, opting instead to concentrate on an investment portfolio that focuses on wealth generation rather than retirement planning...

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