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Finance News from Australian Internet Loans

Australian Internet Loans is pleased to present the latest financial news headlines.

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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

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
Better Borrowing: Strategic Ways to Improve Your Creditworthiness
Better Borrowing: Strategic Ways to Improve Your Creditworthiness
Creditworthiness represents a cornerstone in the world of finance, serving as the gauge by which lenders assess an individual's reliability in repaying debt. It's this measurement that can open doors to various financing opportunities or, conversely, become a barrier to accessing essential credit lines. So, what is creditworthiness, and why does it matter? - read more
Importance of Regular Credit Monitoring and How to Do It
Importance of Regular Credit Monitoring and How to Do It
Financial health is crucial in ensuring long-term stability and achieving your life goals. Whether it's buying a house, starting a business, or planning for retirement, a strong financial foundation can make these aspirations attainable. One of the key components of maintaining financial health is regular credit monitoring. - read more