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Finance News

Cigno Australia and BSF Solutions Penalised for Unlawful Payday Lending Practices
Cigno Australia and BSF Solutions Penalised for Unlawful Payday Lending Practices
09 May 2026: Paige Estritori
The Federal Court has imposed a $7 million fine on Cigno Australia and BSF Solutions for operating an illegal payday lending scheme that contravened Australian credit laws. Each company received a $3 million penalty, while their respective directors, Mark Swanepoel and Brenton Harrison, were fined $500,000 each. - read more
OnDeck Enhances Lightning Loan Offering for Small Businesses
OnDeck Enhances Lightning Loan Offering for Small Businesses
09 May 2026: Paige Estritori
OnDeck, a prominent non-bank lender, has announced an increase in the maximum loan amount for its Lightning Loan product, raising the cap from $175,000 to $200,000. This enhancement is designed to meet the growing demand from small and medium-sized enterprises (SMEs) seeking swift access to capital. - read more
Commonwealth Bank Plans Additional Job Reductions
Commonwealth Bank Plans Additional Job Reductions
01 May 2026: Paige Estritori
The Commonwealth Bank of Australia (CBA) has announced plans for further job reductions as part of its ongoing efforts to streamline operations and adapt to current market conditions. This decision follows a previous round of redundancies, leaving employees facing continued uncertainty. - read more

Finance Articles

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
Online Personal Loans: How to Protect Your Information and Avoid Scams
Online Personal Loans: How to Protect Your Information and Avoid Scams
In recent times, Australians have witnessed a notable uptick in the use of online personal loans. The trend emerges as part of a broader digital transformation, where convenience and speed take precedence. This shift has facilitated access to financial services with just a few clicks, making personal loans available to anyone with an internet connection. - read more
Common Mistakes to Avoid When Seeking a Small Business Loan
Common Mistakes to Avoid When Seeking a Small Business Loan
Small business loans play a crucial role in the Australian economic landscape. They provide essential capital for business growth, whether it's for expanding operations, purchasing new equipment, or funding marketing campaigns. Understanding the importance of these loans is the first step toward making informed financial decisions. - read more