Australian Car Loans Info 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...


Wed, 28 January 2009
Getting loan now big hurdle
DOZENS of Australia's biggest companies must refinance this year, leaving them vulnerable to the health of credit markets and the ability of Australian and international banks to lend...





Wed, 04 February 2009
Saving the nation
THE ailing economy has been supercharged against recession with the Government unveiling a massive $42 billion stimulus package and the Reserve Bank slashing interest rates by another 1 percentage point...



Tue, 31 March 2009
Financial News Headlines


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Australian arm of GE Capital swells losses

Finance, 31 Mar :: THE losses for an Australian finance arm of the global giant General Electric have deepened as interest rates moved against it, triggering a blow-out in financing costs... read more

Home loan borrowers dump brokers

Home Loans, 31 Mar :: Less-complicated products and fewer lenders raise questions about the value of mortgage specialists. The domination of the big banks in the home loan market over the past year and fewer products on offer have led home buyers to question whether there is any point in using a mortgage broker... read more

Questions over hefty super exit charges

Superannuation, 31 Mar :: People who want to get out of poorly performing funds may find there's more pain ahead. Investors wanting to get out of underperforming superannuation funds and managed investments are finding many of them have high exit fees... read more

Be prepared - it pays

Financial Planning, 31 Mar :: PREPARING for the unexpected has never been more important. We have been comforted by a 16-year golden period of economic growth... read more

Yield of dreams: hand-picking the right fund

Investment, 31 Mar :: Amid the sharemarket turmoil, some sectors have still thrived, writes David Potts. Managed funds haven't been all bad in the past year... read more

Shares drop most in 4 weeks

Sharemarket, 31 Mar :: The Australian share market has closed lower, pulled down after the US government spooked investors by taking a harder line on two US car makers and by weaker commodities prices



Mon, 03 August 2009
Stocks post best month in nine years
The Australian share market has posted its largest monthly gain in nine years on the back of a resurgent financial sector...



Mon, 10 August 2009
ASIC to flag changes to planner remuneration
The Australian Securities and Investments Commission (ASIC) has signalled it believes changes are necessary to planner remuneration...



Mon, 17 August 2009
Split banks, Senate told
AS OFFICIAL figures confirmed that Australia's banks have all but displaced other mortgage providers, a leading competition expert has told the Senate the competition regulator should take court action to force Commonwealth Bank to sell BankWest, and Westpac to sell St George...

Mon, 31 August 2009
Regulator's backflip
The Australian Securities and Investments Commission (ASIC) has finally awakened from its long hibernation and presented the Government with a blueprint to protect investors from bad financial advice...



Mon, 07 September 2009
Suncorp stays solo in insurance battle
SUNCORP will go it alone rather than partnering either Woolworths or Coles as part of its plan to defend its 30 per cent of the insurance market against a much-mooted and large-scale entry by the two leading retailers...



Tue, 13 October 2009
Personal loans top $7 billion in August
Monthly demand for personal loans other than mortgages topped the $7 billion mark for the first time in 18 months in a further sign of growing confidence in the economy...



Mon, 23 November 2009
Clients growing wary of in-house products
Research conducted by Perpetual has found that clients are becoming wary about advisers recommending 'in-house' financial products and funds...



Mon, 30 November 2009
Time for some fancy footwork
Growing consumer confidence at a time of rising interest rates could prove an unfortunate mix if Australians resume their love affair with credit.

There has been a lot of talk about the growth of debit cards (the plastic that uses your own money) at the expense of credit cards in the past year amid the global financial crisis.

But analysts say debit cards, while increasingly popular, are being used for smaller transactions and credit cards still dominate in dollar terms. Reserve Bank statistics released last week show credit card debt is actually higher than a year ago. According to the RBA, there were 14.4 million credit and charge cards out there in August and we used them for $18.9 billion in purchases and cash advances.

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