As GFC mud was slung in the States, Congress ducked for cover behind its credit card reforms — which were passed in May last year and have just come into effect. Whether similar changes should be expected in Australia remains uncertain, and will be some time off if they do eventuate. As far as the…

It’s time to fix!

The question I get asked more than any other right now is – should I fix my home loan? My answer, as from an hour ago, is clearly yes… The reason is that the Commonwealth Bank has just put its standard variable home loan rate UP! The NAB has said that rates are under review,…

I’ve just come back from showcasing mozo.com.au at the Finovate conference in San Francisco, which bills itself as “the visionaries creating new ways to bank, manage personal finance, and appeal to financial consumers”. Being a US focused conference (Mozo was the only Australian site presenting), it was a chance to see the latest and greatest…

I had to pinch myself yesterday as I absorbed the headline “John Symond defends banks’ decision to pocket rate cut”  (check it out, and the reactions, at Lending Central) What the….? Is this THE John Symond. The world really has changed. When John Symond starts defending the banks you know something is wrong. The problem…