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Major banks cut fixed rates
by Reporter • 9 Mar 2018
ANZ Bank and the National Australia Bank are the last of the big four to announce cuts to their fixed rates,... READ MORE
Broking group to appear before royal commission
by Reporter • 9 Mar 2018
Commissioner Hon. Kenneth Hayne has formally granted the broking group, which is now majority-owned by REA Group,... READ MORE
ASIC to force lenders into involuntary liquidation
by Reporter • 8 Mar 2018
The Australian Securities and Investments Commission (ASIC) has obtained orders “winding up” car finance... READ MORE
ANZ sees ‘merit’ in best interest duty
by Reporter • 7 Mar 2018
In his opening address to the Productivity Commission (PC) on Tuesday, 6 March, Mr Elliott claimed that a “best... READ MORE
Rate transparency could ‘diminish’ broking industry
by Tas Bindi • 5 Mar 2018
Appearing before the Productivity Commission, the bank’s CFO, Anthony Rose, said that “greater transparency... READ MORE
Financial planners not needed in credit space: CBA
by Reporter • 5 Mar 2018
The Commonwealth Bank’s executive general manager of retail services, Angus Sullivan, was speaking at the second... READ MORE
Online SME lender hits $10m milestone
by Reporter • 2 Mar 2018
Following its strategic partnership with fintech Prospa in July 2016, cloud accounting provider Reckon has provided... READ MORE
Court finds major bank breached NCCP
by James Mitchell • 1 Mar 2018
The court’s judgment follows ASIC’s announcement of a package of actions against ANZ for contraventions of... READ MORE
Filling ‘data gap’ would benefit broking, say associations
by Reporter • 28 Feb 2018
The leaders of the Finance Brokers Association of Australia Limited (FBAA) and Mortgage and Finance Association of... READ MORE
Royal commission hearing to look at fraud and accreditations
by Reporter • 27 Feb 2018
The first round of public hearings for the Royal Commission into Misconduct in the Banking, Superannuation and... READ MORE
ANZ tightens IO lending
by Reporter • 26 Feb 2018
As of 5 March 2018, ANZ will regard interest-only (IO) loan renewals as “credit critical events” which require... READ MORE
Australian SME lender named APAC’s top high-growth company
by Reporter • 23 Feb 2018
The inaugural FT 1000 High-Growth Companies Asia-Pacific list, compiled by Statista, considered companies based in 11... READ MORE
Former NAB GM joins MSA National
by Reporter • 22 Feb 2018
Effective immediately, Mr Berry will be responsible for operations and strategy of the legal firm that specialises in... READ MORE
La Trobe Financial adopts Virtual VOI
by Reporter • 21 Feb 2018
Developed by South African regulation technology company e4, the Virtual VOI platform aims to reduce the cost and... READ MORE
Royal commission ‘opens the banks up to class actions’: UBS
by Reporter • 20 Feb 2018
In an Australian Banking Sector Update, UBS researchers Jonathan Mott and Rachel Bentvelzen welcomed the news that... READ MORE
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