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"...Labor wants to change that so lenders would be prevented from drawing a credit card account over the maximum limit without the consent of the consumer. The government also proposes to ban unsolicited credit limit extension offers." Join discussion...

Analysts who make the really big calls are few and far between, writes Michael Evans. Why? Conflict of interest. Join discussion...

"The Chancellor will announce that he will hand a host of new controls to the Bank to prevent another financial crisis. The powers will mean that, for the first time in the modern era, the Bank could impose restrictions on the amount banks can lend. " Join discussion...

"new international rules being considered by the Basel Committee on Banking Supervision. In a statement after the talks, the two men affirmed their commitment to push for “stronger capital and liquidity requirements.” " Join discussion...

The ban in adviser commission will not be retrospective and will only come into effect in 2012. Join discussion...

"New laws will soon come into force which ban financial planners from receiving commissions and benefits which may cause a conflict of interest. " Join discussion...

The risk is an "abrupt rise in government bond yields" as investors choke on a surfeit of public debt. "Bond traders are notoriously short-sighted, assuming they can get out before the storm hits: their time horizons are days or weeks, not years or decade. We take a longer and less benign view of current developments" Join discussion...

"A NEW generation of lenders are set to challenge the major banks, with three players flagging big moves on discount home loans. ". Let the craziness continue! Very aptly, one is founded by a Mr Gamble :) And hows this for a quote from First Folio's MD: "We've got unlimited funding". Join discussion...

Everyone else are trying to downsize the financial service industry. Australia is thinking of up-sizing that industry. As this article says, "The measures, contained in a report delivered to the government yesterday, go against the international trend of raising bank taxes and restricting the growth of the financial services industry." Join discussion...