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In case you missed it.. Banks pass on 25 bps rate hike, borrowers’ stress weighs on brokers, Loan Market Group unveils new asset finance division, Bill to protect consumers from ‘predatory’ payday lenders passes Parliament, and more.
3.10% December cash rate confirmed: RBA
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Australia’s central bank has increased the cash-rate by 25bps for the holiday season, it has been confirmed.
Banks pass on 25 bps rate rise
Lenders have followed suit and passed on the rate hike to customers on variable-interest home loans on the back of the RBA’s rate decision.
Brokers ‘can’t help but take on customers’ rate stress: REA
Serviceability impact now ‘is huge’ and affecting both borrower and broker stress levels, REA Group’s Anthony Waldron has explained.
Loan Market Group unveils new asset finance division
The aggregation group has unveiled a newly formed entity dedicated to asset finance: Loan Market Group Asset Finance.
Bill passes to protect consumers from ‘predatory’ payday lenders
The Financial Sector Reform Bill 2022 was passed by Parliament today (6 December) to improve national credit laws in regard to payday loans and consumer leases.
A total of 626 finalists are set to compete for a coveted award at the state-based Better Business Awards in 2023.
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