NAB commits to helping low income Australians
One hundred thousand no and low interest rate personal loans will be provided to low income Australians by NAB.
Consumer credit insurance confusion spurs ASIC overhaul
The Australian Securities & Investments Commission (ASIC) has commenced work with representatives from the banking industry on reforming Consumer Credit Insurance (CCI) in Australia.
Personal loans in high demand
An increasing number of Australians are applying for personal loans and turning away from credit cards and mortgages, according to new figures from Equifax.
Aussies borrowing more conservatively
While Australians are pouring more money into their homes, we’re not borrowing as much with our personal loans or credit cards, according to new figures from the Australian Bureau of Statistics (ABS).
ASIC orders Cash Converters to pay out $12 million
An ASIC investigation into payday lender Cash Convertors has found that $10.8 million must be refunded to consumers who were wrongfully issued loans and a further $1.35 million will be paid to ASIC in penalty infringements.