ANZ Bank has established a specialist team of bank executives to fix problems affecting its mortgage processing systems. ANZ has recently moved to outsource .....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Responsible lending code not needed say banks 21 August 2008
Banks are opposing a strong statement of principle that enshrines responsible lending in the banking code of conduct in favour of promoting credit scoring. ANZ are suggesting a four point credit check system for lenders where the bank has to use at least two points. That is based on the British system, but without the comprehensive credit reference data available in Britain. It could allow a lender to ignore the consumer's income, financial situation, and credit history and just rely on a credit scoring and credit reference check.
