New loan program for ‘financially excluded’ small business entrepreneurs
Small business entrepreneurs now have the opportunity to be financially supported and mentored by NAB and their approved partner organisations, through their re-invigorated Microenterprise Loan program.
More Australians falling victim to debt
Bankruptcies, debt agreements and personal insolvency agreements all rose in the final quarter of 2017, according to new data.
Personal loan and credit card customers get $1.1m refund
Hallmark General Insurance Company, trading as Latitude Insurance, will provide refunds of approximately $1.1 million to 905 customers.
New limits for payday loans and consumer leases
The federal government is drafting legislation designed to help protect vulnerable Australians from being stung by payday loans, consumer leases, and similar small credit products.
Bankruptcies and debt agreements hit highs
More Australians are struggling to manage debt, mortgage stress and financial hardship, with the number of bankruptcies and debt agreements around the country increasing over the past three months.
NAB and CBA lead Big Four in CCR
Both National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA) have announced that they will participate in Comprehensive Credit Reporting (CCR) in 2018, allowing more Australians the opportunity to improve their credit ratings by exercising positive borrowing habits.