| How Credit Card Balance Transfers Can Damage Your Credit Rating Since the banks and finance providers have been castigated for the way they seemingly indiscriminately awarded credit to people who could ill afford it, the chances of being accepted for loans and credit cards have decreased. Concurrently, there is a greater focus on individual's being aware of how credit works and what their financial behaviors means in terms of a credit score and history. - read more
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| Credit Card Secret Guarantee Most people use credit cards in some form or another but few truly appreciate one of the special features of credit cards that make using their credit card to insure their purchases. - read more
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| 5 Credit Killers A good credit score speaks volumes about your financial habits. It's the evidence most creditors need to evaluate your credit worthiness. - read more
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| 7 things you need to know about a Hire Purchase loan There are seven things you should know before you ever think of getting a Hire Purchase loan. Knowing these things will give you control and power in the loan process. Power and control will will save you money - read more
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| AUSTRAC Intensifies Supervision of Virtual Asset Service Providers Mon, 18 May: The Australian Transaction Reports and Analysis Centre (AUSTRAC) has recently launched two targeted supervisory campaigns aimed at enhancing the oversight of Virtual Asset Service Providers (VASPs), previously known as digital currency exchanges. This initiative is part of AUSTRAC's broader effort to fortify Australia's anti-money laundering (AML) framework in response to the evolving landscape of virtual assets. - read more
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| ASIC Calls for Enhanced Cyber Resilience in Financial Sector Mon, 18 May: The Australian Securities and Investments Commission (ASIC) has issued a call to action for financial services firms to strengthen their cyber resilience in response to the escalating threats posed by artificial intelligence (AI). This directive comes as AI technologies increasingly become tools for malicious actors, amplifying the complexity and frequency of cyber attacks. - read more
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| APRA Highlights AI Governance Deficiencies in Financial Sector Mon, 18 May: The Australian Prudential Regulation Authority (APRA) has issued a stern warning to banks, insurers, and superannuation trustees regarding significant shortcomings in their governance and risk management practices related to artificial intelligence (AI). This alert follows a targeted supervisory review conducted in late 2025, which revealed that the rapid adoption of AI technologies is outpacing the development of adequate governance frameworks. - read more
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| HESTA Announces 12% Reduction in Insurance Fees to Benefit Members Mon, 18 May: HESTA, a leading Australian superannuation fund, has unveiled a significant reduction in insurance fees, aiming to make coverage more accessible and affordable for its members. Effective from 1 July 2026, the fund will implement an average 12% decrease across all insurance cover types, including death, total and permanent disablement (TPD), and income protection. - read more
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