Lenders charging loyalty tax, confirms RBA

Lenders charging loyalty tax, confirms RBA

The Reserve Bank of Australia (RBA) has released its quarterly statement on monetary policy, containing an analysis of new mortgage rate data collected by the central bank, which has found that the price differential between new and outstanding variable rate home...
Compensation scheme must go beyond advice: AFCA

Compensation scheme must go beyond advice: AFCA

In its submission to Treasury’s consultation on the scheme, which closes on Friday, AFCA said the type of financial service or product through which a consumer had suffered losses should be irrelevant to their ability to receive compensation in the event that the...