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Showing 51 - 60 of 359 results for "Credit card"

ERS spending revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
... program spent the money on mortgages or rent. A further 27% spent the money on household bills and 15% used it to pay credit card debts or other personal debts. The ABS Household Financial Resources report presents a snapshot of household finances in ...

Latitude IPOs despite spotted past

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
Latitude Financial has listed on the ASX on its third attempt with a market valuation of $2.7 billion, despite its past controversies. The company successfully listed yesterday, with one billion shares offered at $2.60 at the time of float before the ...

Afterpay reveals US plans, economic impact

JAMIE WILLIAMSON  |  WEDNESDAY, 21 APR 2021
With consumers in the US now contributing the most to Afterpay's business, the BNPL provider has set in motion plans to list there as new research shows the economic impact of the service. Revealed in a quarterly update yesterday, Afterpay is working ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... dodgy sales of add-on insurance products promoted with credit cards and lines of credit to customers, under the bank's Credit Card Repayment Protection and Flexi-Loan Repayment Protection policies Between 7 April 2015 to 28 July 2015, ASIC claims the ...

Pandemic boosts scam complaints

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
The onset of COVID-19 led to a sharp increase in the number of scam-related financial complaints, according to new data from the Australian Financial Complaints Authority (AFCA). AFCA's half-year statistics revealed scam-related complaints made up 23% ...

Ponzi schemer succeeds at appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
... Collingwood supporters would soon see returns. Instead, the Johnstons withdrew the money as cash, used it to repay their credit card debts, transferred it straight into Maureen Johnston's personal account and paid deposits in what ASIC labelled a ...

Financial services complaints rise

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
Complaints made about financial services have almost doubled since last year, according to the Australian Financial Complaints Authority (AFCA). In its yearly report, AFCA revealed complaints had risen to 80,546 from 47,223, which is a 14% increase ...

ING announces head of wealth, chief executive

ANNABELLE DICKSON  |  FRIDAY, 30 OCT 2020
ING Australia has appointed BT's former head of platforms as its head of wealth and has promoted its head of retail bank to chief executive. New head of wealth Dina Kotsopoulos was with BT for nearly 15 years and was appointed head of platforms ...

817 super complaints during COVID-19

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
... condition (720) were the most common reasons for people complaining. General insurers accounted for 41% of complaints and credit card companies made up 35% of complaints. Just 14% of complaints were directed at super funds. "The data released today covers ...

Advice too expensive, hard to access: FPA

ALLY SELBY  |  WEDNESDAY, 16 SEP 2020
New research has revealed COVID-19 has altered Australian spending behaviour, with more households in a fragile financial position than ever before and facing reduced access to financial advice. The research from CoreData, presented at the Financial ...