Breaking News
Agri lending growth buoyed by high confidence: CBA
by reporter • 23 Nov 2021
Agri machinery financing rose 25 per cent in the first four months of the financial year 2022, reflecting strong...READ MORE
SME lending ‘desperately needs better regulation’, says lender
by • 22 Nov 2021
Tradeplus24 is calling for better invoice lending regulation or a self-regulated code of conduct after suggesting... READ MORE
Same-day commission payments offered to Effi brokers
by Annie Kane • 22 Nov 2021
Advanced payments of upfront commissions are being offered to brokers through a new partnership between Effi and... READ MORE
AFCA members to see ‘near real-time’ complaints data
by Annie Kane • 22 Nov 2021
An interactive platform that provides daily complaints data has been launched by the dispute resolution platform for... READ MORE
Deposit Power announces new CEO
by Annie Kane • 19 Nov 2021
The bond provider has appointed a new chief executive who will help “drive the company’s strategy and growth... READ MORE
84% of SMEs think bank loans are hard to secure
by • 19 Nov 2021
Only 16 per cent of SMEs think it’s easy to secure a loan through a bank, according to the inaugural RedZed... READ MORE
MFAA announces 2 new board members
by reporter • 19 Nov 2021
Brokers Marissa Schulze and Kerri Buurman have been welcomed to the board of the Mortgage and Finance Association of... READ MORE
Platform Finance reports strong surge in personal loans
by Annie Kane • 19 Nov 2021
Home improvements, debt consolidation and vehicle purchases have driven a doubling in personal loan growth in the... READ MORE
ASIC sues group over behaviour against debtors
by • 19 Nov 2021
The financial services regulator has taken a debt negotiator to court over allegations of misleading, threatening and... READ MORE
Hot Property: The biggest property headlines from the week 15-19...
by Annie Kane • 19 Nov 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending... READ MORE
Plenti chips away at turnarounds in quest to $5bn
by Sarah Simpkins • 18 Nov 2021
The ASX-listed lender has laid out its ambitions to hit a $5 billion loan book in the next four years, with brokers to... READ MORE
New draft regulatory guide released on consumer remediation
by Annie Kane • 17 Nov 2021
Credit licensees are being asked to respond to ASIC’s new regulatory guide on how they should conduct remediations... READ MORE
Banking group names interim CEO
by Annie Kane • 17 Nov 2021
A banking and mortgage broking group has announced the appointment of Allan Savins as its interim banking chief... READ MORE
Non-major banks increasingly popular: Broker Pulse
by Annie Kane • 17 Nov 2021
Ninety per cent of brokers sent loans to the non-majors in October, with a falling proportion using the big four,... READ MORE
Low confidence hinders diversification into SME finance
by Malavika Santhebennur • 17 Nov 2021
Residential mortgage brokers have the will and desire to diversify into SME lending but lack the time and confidence to... READ MORE
MFAA celebrates 14k membership milestone
by reporter • 17 Nov 2021
The association’s membership has surpassed the 14,000-member mark for the first time in its history, it has been... READ MORE
Resimac settled record $2.5bn in 1Q22
by • 17 Nov 2021
The non-bank lender settled a new record in the first three months of this financial year, up 72 per cent on the prior... READ MORE
Half of small businesses reporting decreased stock, reduced cash flow
by • 17 Nov 2021
Over 50 per cent of small businesses lack the stock to capitalise on Australia’s reopening, while 44 per cent are... READ MORE
Industry ‘disappointed’ with ANZ asset finance change
by Annie Kane • 16 Nov 2021
Asset finance groups have voiced disappointment at the major bank’s decision to only accept asset finance loans from... READ MORE
Brokers urged to help ease anxiety over rising rates
by Annie Kane • 16 Nov 2021
The FBAA is calling on brokers to help clients understand the impact of rate rises after finding that the majority of... READ MORE
Oak Capital confirms AFG panel inclusion
by • 16 Nov 2021
The non-banker lender has unveiled that it’s AFG’s latest commercial lending panel partner.
READ MORESMEs increasingly turning to trusted advisers
by • 16 Nov 2021
While nine in 10 SMEs now have a trusted adviser only 3.3 per cent stated a broker was their main business adviser,... READ MORE
Major bank to cease ‘one-off’ asset finance deals
by Annie Kane • 15 Nov 2021
From 1 December, the big four bank will only accept asset finance deals from existing customers and those with a bank... READ MORE
FBAA calls on brokers to heed COVID-19 directions
by Annie Kane • 15 Nov 2021
The broker association is encouraging brokers to familiarise themselves with COVID-19 regulations and government... READ MORE
SMEs unfairly penalised by large finance hurdles, warns Apricity
by Annie Kane • 15 Nov 2021
Small businesses are at risk of losing out on lucrative infrastructure jobs due to huge finance hurdles being set by... READ MORE
Funding confirms 2 new leadership appointments
by • 15 Nov 2021
The mortgage marketplace and lender has announced new additions to its senior management, including BOQ’s former head... READ MORE
AFCA extends pre-expulsion appeal deadline
by Annie Kane • 12 Nov 2021
Brokers will have an extra week to appeal their pre-expulsion notice or resolve their accounts before formal action is... READ MORE
Brokers face $1.3m rise in ASIC levies
by Sarah Simpkins • 12 Nov 2021
ASIC has estimated it will recover $8.1 million in costs through industry levies from the credit intermediary sector,... READ MORE
33% of brokers lack technology expertise: Connective research
by • 12 Nov 2021
A recent survey has concluded that one-third of brokers lack the confidence to utilise technology in their... READ MORE

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