‘Blurred lines’: Businesses turn to consumer credit as access to finance worsens
Credit conditions for small businesses have worsened further over the last 12 months as housing prices fall, increasing risks for entrepreneurs.
“Not good enough”: Pressure on banks over tap-and-go fees as uptake laggs
Tap-and-go payment fees are in the spotlight again with industry groups calling for banks to be "more proactive" about educating customers.
ASIC approves July 1 business banking reforms, but delays decision on controversial definition
ASIC has given a partial tick of approval to proposed changes to how small businses banking is regulated, but more controversial changes remain in question.
Late payments a $7 billion issue for SMEs and is slowing revenue growth, report shows
Late payment times has been revealed to be a $7 billion problem and one which is significantly slowing the growth of local SMEs.
Four major Australian banks targeted in tax time scam attempt: How to protect yourself
Email scams impersonating some of Australia's biggest banks have been hitting inboxes over the past two weeks ahead of tax time.
As consumer scepticism grows, will the banks bounce back, or will competitors triumph?
A major betrayal in trust takes time and effort to repair. Therefore, restoring trust needs to be the highest priority for the finance industry.
Have your say: How should the government regulate late payment times?
The government is seeking views on how it should formulate its late payment times reporting policy, with everything from enforcement to scope covered.
What royal commission? Why the big four’s shares are climbing at record rates
In the wake of the royal commission report, the banks’ share prices surged, as almost $20 billion was added to the value of the big four.
Pauline Hanson wants to force big businesses to pay SMEs on time
Pauline Hanson wants to address small business payment times by forcing big businesses to cough up the cash in a timely manner.
Hundreds of ANZ customers lose access to post office banking after corporate stand-off ends in tears
About 900 businesses regularly using postal banking will no longer be able to after negotiations between ANZ and Australia Post broke down.
Credit crackdown concern as banks commit to addressing credit card failures
There is concern banks will tighten the reigns on credit card lending after ASIC revealed a non-binding set of commitments for banks.
Big banks “dragging their heels” on reducing tap-and-go costs for businesses
Australia's big four banks are being criticised for being slow to introduce a lower-cost solution for processing tap-and-go payments.
