Tag: Consumer Finance
US market ends lower
Wall Street stocks ended mostly lower on Friday as traders remained concerned over the pace of recovery of the US economy after weak data.[MORE]
Storm Financial report has stalled: economist
A north Queensland economist says a report into the failed Storm Financial still has not been released, six months after the Australian Securities and Investments Commission (ASIC) was to complete it.[MORE]
Labor outlines credit card changes
The Federal Government has promised new measures to protect credit card holders against being ripped off.[MORE]
Banks push loans to unemployed: report
A new report says Australia's banks are aggressively pushing debt onto low-income earners and even the unemployed.[MORE]
Market closes lower amid Macquarie slump
The local share market has ended the week on a sour note after a profit warning from the investment bank Macquarie Group.[MORE]
'Common sense' MySuper will face a fight
A member of the Cooper superannuation review says changes need to be implemented despite some industry opposition.[MORE]
Massive increase in sales for Iluka
Iluka Resources has reported a 94 per cent increase in sales revenue during the first six months of this year.[MORE]
Port Hedland has country's 'most expensive fuel'
An independent fuel monitor says the West Australian Pilbara town of Port Hedland is the country's most expensive place to buy petrol because of higher wholesale and retail margins.[MORE]
Housing finance rise beats expectations
Home loan approvals have risen by 1.9 per cent, the first increase in eight months.[MORE]
Government not expecting super war
The Federal Government says it does not anticipate a stoush with the superannuation industry over the proposed super changes.[MORE]
First home buyers struggling to raise deposits
A new report reveals first home buyers across Australia need an average of four-and-a-half years to save up a deposit.[MORE]
Interest rates 'firmly on hold'
The Reserve Bank (RBA) is tipped to keep official interest rates on hold when it meets today.[MORE]
Cooper super review urges sweeping changes
An independent review into Australia's trillion dollar superannuation system is urging a range of sweeping reforms.[MORE]
Former Storm clients launch class action
The Commonwealth Bank (CBA) says it is disappointed former Storm Financial clients have launched a class action against it in the Federal Court today.[MORE]
Financial stress on the rise
Lifeline says its financial counselling sessions have more than quadrupled in the past year and that figure will increase as price hikes come into effect from today. [MORE]
Daily living costs rise in the Hunter
From today Hunter Valley residents will have to dig deeper to pay their household bills, with price hikes co-inciding with the start of the financial year.[MORE]
Cost of living soars in NSW
Household bills are going up, with rises to electricity, gas and water prices, council rates and road tolls.[MORE]
New personal tax cuts come into effect
Workers can now look forward to more in their pockets each week, with tax cuts to come into effect from today.[MORE]
Credit growth beats expectations
Private sector borrowing rose 0.5 per cent in May, ahead of economist forecasts that centred on a rise of 0.3 per cent.[MORE]
Homeowners 'living on rice' to pay mortgage
There are claims that Australians suffering mortgage stress are living on rice so they can avoid the shame of losing the family home.[MORE]
Credit card debt more common than mortgage debt
For the first time since November 2006, credit card debt is the most common form of debt among Australian households.[MORE]
Economists predict 22pc house price rise
House prices are expected to rise between 11 and 22 per cent across the major cities over the next three years.[MORE]
Westpoint boss says he'll return to real estate
The head of the failed Westpoint property group believes his reputation has been restored, after the Court of Appeal upheld a decision to reinstate his real estate licence. Norm Carey was the head of the Westpoint property group which collapsed in 2006, owing hundreds of investors more than $300 million. [MORE]
Boris fires back in war of words over BP
London mayor Boris Johnson has called on the US to tone down its "anti-British rhetoric" over the BP oil spill.[MORE]
Confused by credit rules? So is everyone else
Feature
Research has found many people are confused about how much credit cards and home loans will cost.[MORE]
