Monthly Archives: April 2015

Aussies paying mortgages off faster- Australian Broker Online

Australians are keeping well ahead of their mortgage repayments, utilizing consistently low interest rates to pay loans off faster. Results from Citibank’s 2014 financial survey show a quarter of the population are mortgage free home owners, up 9% from 2007. News Ltd spoke to Citibank’s head of banking solutions and wealth management, Deidre Wroth, who […]

Payday lender slapped with multimillion dollar fine – Aust Broker Online

As read in Aust Broker Online – A payday lender has been slapped with the largest civil penalty ever obtained by ASIC, demonstrating the regulator’s ‘no tolerance’ policy for irresponsible lending. Payday lender, The Cash Store and loan funder, Assistive Finance Aust were charged with $18.975 million in penalties by the Federal Court for their […]