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AMP hit with $24m penalty
by Reporter • 19 May 2023
AMP Life and AMP Financial Planning have been issued a $24 million penalty for charging deceased customers.
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Accountancy firm to build ‘largest salaried broker force in the...
by Annie Kane • 19 May 2023
Business advisory, accounting, and assurance business PKF Sydney has hired a former Mortgage Choice director to build... READ MORE
Satisfaction with credit assessors at record high: Broker Pulse
by Malavika Santhebennur • 19 May 2023
Credit assessors earned their highest satisfaction score from brokers in April, according to a new... READ MORE
New complaints power must be ‘measured’, say associations
by Annie Kane • 19 May 2023
Careful consideration should be given to how consumer advocacy groups can complain to the ACCC, broking associations... READ MORE
Hot Property: The biggest property headlines from week 15–19 May
by Reporter • 19 May 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 19... READ MORE
Consumer advocacy groups to be able to complain to ACCC
by Annie Kane • 18 May 2023
From mid-2024, consumer and small-business advocates will be able to lodge complaints relating to “systemic consumer... READ MORE
MONEYME originations drop 71% in a year
by Annie Kane • 18 May 2023
Originations at the personal lender plummeted by more than 70 per cent in a year, with just $98 million written in... READ MORE
Victoria and NSW move to strengthen building quality
by Kyle Robbins and Annie Kane • 18 May 2023
The Victorian and NSW state governments have both announced new measures to help improve building quality and protect... READ MORE
ASIC sues Money3 for alleged responsible lending breaches
by Annie Kane • 17 May 2023
The financial services regulator has commenced civil penalty proceedings in the Federal Court against a car loan... READ MORE
Home Guarantee spots remain vacant amid serviceability crunch
by • 17 May 2023
Tight borrowing capacity has resulted in plenty of spots remaining open for the government’s Home Guarantees, a... READ MORE
P&N Group rolls out new broker tech
by Annie Kane • 17 May 2023
The mutual lender has launched a new broker chat function and signed onto another aggregator panel as it ramps up its... READ MORE
Mark Woolnough joins debt consolidation lender
by Annie Kane • 17 May 2023
Former CoreLogic and ING executive Mark Woolnough has joined fintech lender Salt&Lime as its head of distribution... READ MORE
Fintech raises $2.55m to build out 'robo' brokerage
by Annie Kane • 17 May 2023
Fintech mortgage brokerage Finspo has completed a $2.55 million capital round to provide a “fully robo mortgage... READ MORE
Brokers urge more lenders to scrap cashbacks
by Annie Kane • 16 May 2023
Members of the broking industry have welcomed the move by NAB and CBA to scrap cashbacks, but have urged others to... READ MORE
How brokers can set goals and reverse engineer them
by Malavika Santhebennur • 16 May 2023
Setting realistic expectations and taking actionable steps are the cornerstones of broker success, a... READ MORE
ATO to crack down on false property claims
by • 16 May 2023
The ATO will sharpen its focus on rental deductions and capital gains tax next financial year, putting millions of... READ MORE
Economist fears the central bank could tip Australia into recession
by Kyle Robbins • 16 May 2023
Following the central bank’s shock decision to lift the cash rate at its May meeting, one financial expert has warned... READ MORE
Bluestone lifts broker commissions for complex loans
by Reporter • 15 May 2023
The non-bank lender has announced it will be increasing the upfront commission paid to brokers for more multifaceted... READ MORE
High refinance activity driving up trail book run-off
by Adrian Suljanovic • 15 May 2023
The average run-off for a trail book rose to 25 per cent this year, largely driven by higher refinancing... READ MORE
Pepper prices $723m ABS
by Annie Kane • 15 May 2023
The non-bank lender has priced a $723.3 million transaction to help it grow its asset finance business.
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REIQ calls on investors for rental reform campaign
by Adrian Suljanovic • 15 May 2023
REIQ has urged property investors and managers to join a campaign to convince the Queensland government to reconsider... READ MORE
NAB to scrap cashbacks
by Annie Kane • 12 May 2023
A second big four bank has affirmed it will be removing cashback offers in the coming... READ MORE
Is HECS debt still ‘good debt’?
by • 12 May 2023
The once-considered ‘good debt’ will see more than 3 million Australians slugged with a 7 per cent indexation on... READ MORE
Business turnover up for service industry: ABS
by Adrian Suljanovic • 12 May 2023
The latest data on business turnover released by the ABS has revealed rises in 11 of the 13 published industries during... READ MORE
Hot Property: The biggest property headlines from week 8–12 May
by Reporter • 12 May 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 12... READ MORE
Predatory lending and high-cost credit in ASIC’s sights
by Annie Kane • 11 May 2023
Lender misconduct, predatory lending, and high-cost credit are being targeted by the financial services regulator over... READ MORE
Broker heads tentatively welcome no-frills budget
by Annie Kane • 11 May 2023
While the government’s ‘cost of living’ budget has been welcomed, members of the mortgage broking industry have... READ MORE
Small rewards for small business in budget 2023–24
by Annie Kane • 11 May 2023
Members of the SME finance community have lamented that there wasn’t more to help small businesses grow in the... READ MORE
NSW government scraps secret rent bidding loophole
by Adrian Suljanovic • 11 May 2023
The Minns Labor government has introduced a new bill to NSW Parliament to abolish secret rent bidding... READ MORE
Mortgagors confidence fell 3.2 points amid 11th rate hike
by • 10 May 2023
Australians’ optimism accumulated ahead of the May cash rate hike was crushed the week succeeding.
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