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COBA welcomes closer ties between regulators

by Malavika Santhebennur • 23 Sep 2020
The association for customer-owned banks has said that the MOU between APRA and ACCC recognises the need for...READ MORE

Final clawback regulations released

by Annie Kane • 22 Sep 2020
The final regulations for mortgage brokers focusing on the new clawback requirements and conflicted remuneration have... READ MORE

ASBFEO reiterates call for more SME support

by Annie Kane • 22 Sep 2020
SME advisers – including brokers, accountants and financial planners – have “never been more important”, the... READ MORE

AMP lowers floor rate, updates HEM benchmark

by Charbel Kadib • 22 Sep 2020
The non-major has announced a number of changes to its credit policy, including a reduction to its floor rate for home... READ MORE

ACCC issues warning over rental scammers

by Reporter • 22 Sep 2020
The competition watchdog has called for increased consumer vigilance amid a 76 per cent surge in rental and... READ MORE

SMEs offered Qantas points for business loans

by Malavika Santhebennur • 22 Sep 2020
Qantas has partnered with an SME lending platform to offer Business Rewards members with Qantas points when... READ MORE

Major bank announces new CEO, consumer

by Annie Kane • 21 Sep 2020

A big four bank has appointed a new chief executive for its consumer division.

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Brokerage launches insurance quote function

by Malavika Santhebennur • 21 Sep 2020
The major brokerage has integrated an indicative quote function within its broker platform that offers a digital... READ MORE

NAB extends COVID-19 IO loan measure

by Malavika Santhebennur • 21 Sep 2020
The major bank has announced a range of changes to its loan policies, including an extension of support for IO loans... READ MORE

Loan Market overhauls broker ranking metrics

by reporter • 21 Sep 2020
The aggregator has updated the way it determines its mortgage broker rankings, moving away from a settlement-based... READ MORE

Aussie reports record spike in pre-approvals

by Malavika Santhebennur • 18 Sep 2020
The major brokerage has reported a record increase in home loan pre-approvals across the first eight months of the... READ MORE

Facebook launches SME grants program

by Reporter • 18 Sep 2020

The social media giant has commenced processing applications for its new SME grants program.   

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Aggregator reports surge in settlements

by Malavika Santhebennur • 18 Sep 2020
Purple Circle Financial Services has reported a record increase in loan settlements in August, which it attributed to... READ MORE

Hot Property: The biggest property headlines from the week 14-18...

by reporter • 18 Sep 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week... READ MORE

Resimac adds new layer of scrutiny for Victorian borrowers

by Reporter • 17 Sep 2020
The non-bank has heightened its verification requirements for mortgage applicants in Victoria subject to ongoing... READ MORE

N1H increases SME lending capacity

by reporter • 17 Sep 2020
Business, financial and property services firm N1 Holdings has expanded its SME lending capacity and its AFSL... READ MORE

APRA and ACCC agree to engage more broadly

by reporter • 17 Sep 2020
The prudential and competition regulators have agreed to a broader model of engagement with “proactive information... READ MORE

How this broker found her groove after a career leap

by Malavika Santhebennur • 17 Sep 2020
High school teacher-turned-broker Kirsty Best recounts her experience of changing careers and establishing a brokerage,... READ MORE

All non-major FHLDS places now reserved

by Annie Kane • 16 Sep 2020
All 5,000 places allocated for participating non-major banks within the FHLDS have now been reserved for the 2020-21... READ MORE

Westpac rolls back COVID-induced policy changes

by Reporter • 16 Sep 2020
The major bank has announced a number of changes to its credit policy, including the rollback of non-base income... READ MORE

Car financier found to have broken credit law

by Malavika Santhebennur • 16 Sep 2020
A used-car financier has been found to have failed to comply with the law after providing high-cost credit to... READ MORE

Bankwest updates brand logo and colours

by Annie Kane • 16 Sep 2020
The non-major bank has revealed a new logo and colour palette as part of a “clearer, simpler new look”, which is... READ MORE

Lender waives valuation fees on specialist loans

by Annie Kane • 15 Sep 2020
Non-bank lender Resimac has announced that it will be waiving the standard valuation fee for its specialist full doc... READ MORE

Brokers keen on tech tools but want support: Advantedge

by Malavika Santhebennur • 15 Sep 2020
The majority of brokers have said that they intend to use or rely on digital tools in the future but cited a lack of... READ MORE

AFG Securities updates clawback structure

by Annie Kane • 14 Sep 2020
The in-house lending division of AFG has amended its clawback structure so that full clawback only lasts for three... READ MORE

Victorian government launches swathe of grant packages

by Annie Kane • 14 Sep 2020
The Victorian government has announced a $100-million support package to assist sole traders in the state, building on... READ MORE

NAB CEO defends low take-up of SME Guarantee Scheme

by Annie Kane • 14 Sep 2020
NAB CEO Ross McEwan has outlined why take-up for the Coronavirus SME Guarantee Scheme has been low in his first... READ MORE

Annual aggregator satisfaction survey launches

by reporter • 14 Sep 2020
The annual Aggregator of Choice survey is now open, giving brokers the opportunity to rate the performance of their... READ MORE

FHBs warned against buying unregistered land

by Malavika Santhebennur • 14 Sep 2020
A buyer’s agent has warned that land developers and builders are luring FHBs by “conspiring” to advertise... READ MORE

Citigroup CEO retires, first female CEO appointed

by Annie Kane • 11 Sep 2020
Jane Fraser is set to become Citigroup’s new chief executive officer – and the first female heading up any major... READ MORE
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