Australia's latest credit report rumpus is soon to switch into overdrive as the deadline nears for the publication of proposals that may see big changes to the way Australians are credit checked

Rising interest rates are stressing out Australian homeowners and in added to that they are feeling the pressure from the credit crisis.

Credit cards are to be withdrawn from 161,000 Egg Customers. The internet bank is writing to 7% of its customers to give them 35 days notice of the withdrawal.

My background in medicine taught me at an early age that the ethics of medicine are to do no harm to the patient and put the patient’s needs first. If medicine was only about the rate of financial return then more patients would be put through unnecessary tests to generate income or given medicines that provided financial incentive to the doctor. We view those situations as wrong and unethical.

Australian Bank Westpac has an interesting staff revolt on its hands. The employees are standing up and saying it is not right for the bank to force them to sell financial loans and products on a growing population of over indebted Australians.