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Finance News

Westpac Penalised $26 Million for Failing to Support Customers in Hardship
Westpac Penalised $26 Million for Failing to Support Customers in Hardship
16 Jun 2026: Paige Estritori
In a significant development within the Australian banking sector, Westpac has been fined $26 million by the Federal Court for failing to adequately respond to over 200 customers experiencing financial hardship between 2017 and 2023. This penalty underscores the critical importance of banks adhering to their obligations under the National Credit Code, which mandates timely and appropriate assistance to customers facing financial difficulties. - read more
AMP Bank Reintroduces SuperEdge Loan for SMSF Property Investment
AMP Bank Reintroduces SuperEdge Loan for SMSF Property Investment
16 Jun 2026: Paige Estritori
After a seven-year absence, AMP Bank has re-entered the Self-Managed Super Fund (SMSF) lending market with the reintroduction of its SuperEdge loan. This move reflects AMP's strategic focus on diversifying its product offerings and catering to the evolving needs of investors seeking property acquisition through their SMSFs. - read more
Surge in Personal Loans as Australians Grapple with Rising Living Costs
Surge in Personal Loans as Australians Grapple with Rising Living Costs
09 Jun 2026: Paige Estritori
In the first quarter of 2026, Australians have borrowed a record $5.1 billion in personal loans, according to the Australian Bureau of Statistics. This significant increase reflects the mounting financial pressures faced by households due to escalating living costs. - read more

Finance Articles

How to Decide Between Fixed and Variable Rates for Your Personal Loan
How to Decide Between Fixed and Variable Rates for Your Personal Loan
Personal loans in Australia are a popular financial tool for managing various expenses, from consolidating debt to funding major purchases or covering emergency costs. - read more
The Ultimate Guide to Responsible Credit Card Use for a Stellar Credit Score
The Ultimate Guide to Responsible Credit Card Use for a Stellar Credit Score
In the financial landscape of Australia, credit scores stand as a crucial measure of one's financial health and credibility. A credit score, essentially a numerical representation of your creditworthiness, is used by lenders and financial institutions to determine the risk involved in lending to you. This score can range from 0 to 1200, where higher scores signify better credit health and an increased likelihood of securing loans with favorable terms. - read more
Expert Financial Tips on Consolidating Multiple Loans Effectively
Expert Financial Tips on Consolidating Multiple Loans Effectively
Loan consolidation is a financial strategy that involves combining multiple loans into a single, more manageable loan with a unified repayment plan. By consolidating loans, individuals can streamline their finances, potentially lower their interest rates, and reduce the burden of juggling multiple monthly payments. - read more