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NZ looks to reinstate LVR restrictions
by Annie Kane • 10 Dec 2020
The Reserve Bank of New Zealand is looking to bring in loan-to-value restrictions on “high-risk lending” from 1...READ MORE
Platform Finance launches BID-compliant CRM
by Malavika Santhebennur • 10 Dec 2020
The asset finance group has launched a BID-compliant CRM system, in addition to a quoting and lodgement system designed... READ MORE
NextGen.Net makes strategic partnership appointment
by Malavika Santhebennur • 10 Dec 2020
The technology provider has announced the return of a former sales manager, who has been appointed to manage its... READ MORE
Consumer credit reforms introduced into Parliament
by Annie Kane • 9 Dec 2020
The bill surrounding the extension of the best interests duty and removal of responsible lending obligations has been... READ MORE
COVID-19 dampens BOQ FY20 results
by Malavika Santhebennur • 9 Dec 2020
The non-major has reported a substantial decline in its FY20 results amid a challenging environment, but its total... READ MORE
Home lending specialist joins Brighten Home Loans
by Annie Kane • 9 Dec 2020
The non-bank lender has appointed its first manager of business analytics and operations, as it continues to rapidly... READ MORE
Online brokerage offers super contributions to borrowers
by Annie Kane • 9 Dec 2020
uno Home Loans has partnered with Super-Rewards to offer borrowers superannuation contributions when they use the... READ MORE
Aussie teams with kids’ education provider
by Malavika Santhebennur • 9 Dec 2020
The major brokerage has announced a five-year partnership with Life Education under which it plans to involve its... READ MORE
ACCC Home Loan Price Inquiry tentatively welcomed
by Annie Kane • 8 Dec 2020
The heads of the FBAA and MFAA have both tentatively welcomed the final report on the Home Loan Price Inquiry,... READ MORE
Ex-finance broker fined $3,000 for fraud
by Malavika Santhebennur • 8 Dec 2020
A former Victorian car loan writer has been sentenced after pleading guilty to fraud in relation to four loans... READ MORE
CBA given licence for Dutch subsidiary
by Malavika Santhebennur • 8 Dec 2020
The major bank has been granted a banking licence for its Dutch subsidiary, which it said would provide better access... READ MORE
Lenders should prompt borrowers to review rate: ACCC final report
by Annie Kane • 7 Dec 2020
The final Home Loan Price Inquiry report recommends that lenders should regularly prompt customers whose loans are... READ MORE
FBAA appoints new board members and fellows
by Malavika Santhebennur • 7 Dec 2020
The industry association has announced its 2021 board members and extended its thanks to outgoing director Rick... READ MORE
Non-major sponsors financial wellness research
by Malavika Santhebennur • 7 Dec 2020
Teachers Mutual Bank Ltd has partnered with a financial wellness platform to deliver insights into financial... READ MORE
Half of Australians wish home buying was on the curriculum
by Annie Kane • 7 Dec 2020
Nearly half of Australians wish they had learned about how the property market works in school, with three-quarters... READ MORE
ASIC consults on new remediation guidance
by Annie Kane • 4 Dec 2020
The financial services regulator is changing its consumer remediation guidance to be “product neutral” and include... READ MORE
How a broker can service self-employed clients
by Malavika Santhebennur • 4 Dec 2020
The specialist lender explained why broker lender panels should be broad, and underscored the importance of brokers... READ MORE
AFG pilots new AI platform
by Annie Kane • 4 Dec 2020
The aggregation group is piloting a new AI platform that predicts customer behaviour and helps brokers tailor their... READ MORE
Hot Property: The biggest property headlines from the week 30...
by Reporter • 4 Dec 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 4... READ MORE
Bank announces new head of broker partnerships
by Annie Kane • 3 Dec 2020
Suncorp Bank has today announced the appointment of its new head of broker... READ MORE
Stamp duty reform ‘right thing to do’: RBA
by Malavika Santhebennur • 3 Dec 2020
The RBA governor has doubled down on his support to remove stamp duty following budget announcements by NSW and... READ MORE
Broker convicted, fined $9,000
by reporter • 3 Dec 2020
A finance broker has been convicted of three counts of making false statements to ASIC, and fined... READ MORE
NAB makes executive appointment
by Malavika Santhebennur • 3 Dec 2020
The major bank has appointed a former Royal Bank of Scotland executive as its new chief operating officer.
READ MORE
BID changes could see brokers earning nothing on some loans
by Annie Kane • 2 Dec 2020
Connective has warned that the expanded BID could threaten broker livelihoods by obligating them to fully flex down on... READ MORE
Deferral exits, expiries hit $100bn
by Malavika Santhebennur • 2 Dec 2020
Loan deferral exits have outweighed new entries for the fourth straight month in October, with $100 billion in loans... READ MORE
Lender joins Vow Financial, YBR panel
by Malavika Santhebennur • 2 Dec 2020
RedZed has partnered with Vow Financial, which will allow it to join the aggregator and YBR’s panel.
READ MORE
RBA makes final cash rate call of the year
by Annie Kane • 1 Dec 2020
The Reserve Bank has announced its cash rate decision for the month of December, staying in line with market... READ MORE
Association heads call for POS conflict resolution
by Annie Kane • 1 Dec 2020
The MFAA and FBAA have echoed concerns that the extension of the BID to finance brokers could unfairly... READ MORE
Former Pepper Money CFO joins GetCapital
by Malavika Santhebennur • 1 Dec 2020
The business lender has appointed the former Pepper Money executive to the newly created CFO role and the executive... READ MORE
Industry veteran Steve Kane retires from NAB
by Annie Kane • 30 Nov 2020
Steve Kane, NAB’s longstanding executive for broker distribution, has announced his retirement from the major bank... READ MORE
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