Tag: credit card
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Treasurer aims to protect Australians from excessive debt
Federal Treasurer Scott Morrison has announced his intention to change the way credit cards work in order to stop Australians running up excessive debt. In a statement, Mr Morrison announced a raft of changes that would protect Australians from excessive debt, such as greater assessment of repayment ability for card applicants, a ban on unsolicited credit limits increases,…
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Sydney to trial contactless transport payments
The NSW government has announced that passengers will be able to use their credit or debit cards to pay for transport from 2017. Much like the current Opal card, users will be able to tap on or off the train or bus easily but without having to top up. In NSW, approximately 92% of trips…