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ASIC seeks to bankrupt car lender director
by Reporter • 2 Feb 2018
In April 2017, the Federal Court fined Channic Pty Ltd (Channic), Cash Brokers Pty Ltd (Cash Brokers) and the... READ MORE
CBA-owned aggregator not dropping lenders from panel
by James Mitchell • 2 Feb 2018
The Adviser received a number of calls from eChoice brokers concerned that the Finconnect panel would be smaller than... READ MORE
Marketplace lender reveals big plans for broker channel
by James Mitchell • 1 Feb 2018
Few marketplace lenders have been able to successfully crack into the Australian broker market. Yet peer-to-peer... READ MORE
Industry body urges big banks to drop rates
by Reporter • 31 Jan 2018
FBAA executive director Peter White recently welcomed moves from non-banks to drop interest rates, but he stated that... READ MORE
CBA’s head of retail banking to become new CEO
by Reporter • 30 Jan 2018
Matt Comyn will be the new CEO of the Commonwealth Bank of Australia (CBA), effective 9 April 2018, replacing Ian... READ MORE
AMP Bank announces executive’s departure
by Reporter • 24 Jan 2018
Mr Gibson had been at the bank for eight years and was the national sales manager for third-party... READ MORE
Rising average loan size not a problem, says economist
by Reporter • 24 Jan 2018
Senior economist at the Housing Industry Association (HIA) Geordan Murray believes that despite household debt-income... READ MORE
Bank drops fixed rates by up to 75bps
by Reporter • 23 Jan 2018
Effective from Tuesday (23 January 2018), MyState is reducing its owner-occupied three-year fixed home loan rate by... READ MORE
Bank sells stake in P2P lender
by Reporter • 22 Jan 2018
While the details of the sale are confidential, the bank said that it expects the sale of its 62 per cent stake to... READ MORE
Lenders make credit policy changes
by Reporter • 22 Jan 2018
National Australia Bank (NAB) and Homeloans Ltd (in which NAB is a major shareholder) have implemented credit policy... READ MORE
Calls for CBA to lift accreditation restrictions for mentees
by Reporter • 22 Jan 2018
Speaking to The Adviser after a discussion over CBA’s new accreditation process for new brokers dividing industry... READ MORE
ANZ agrees to pay $5m fine for responsible lending breaches
by Reporter • 19 Jan 2018
The Australian Securities and Investments Commission (ASIC) has announced that a settlement has been reached with ANZ... READ MORE
ING prohibits resi security for commercial loans
by Reporter • 17 Jan 2018
In a broker note, ING announced that it was making changes to its underwriting guidelines, which will be effective... READ MORE
Foreign sale of ANZ’s finance business falls through
by Reporter • 15 Jan 2018
On 21 December, it was revealed that New Zealand’s Overseas Investment Office (OIO) had blocked an attempt by ANZ... READ MORE
‘Micro-management’ of big banks drove me to broking, says lending...
by Reporter • 12 Jan 2018
Speaking to The Adviser, lending specialist at Regional Finance Solutions and former Commonwealth Bank and Westpac... READ MORE
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