Breaking News
Kathy Cummings becomes BOQ’s GM of broker
by Annie Kane • 18 Dec 2019
Bank of Queensland has appointed Kathy Cummings, who established CBA’s broking business, to the newly created role...READ MORE
Senate committee calls for best interests duty clarification
by Annie Kane • 18 Dec 2019
The Senate’s standing committee for the scrutiny of bills is calling for the incoming best interests duty to be... READ MORE
SME players urged to contribute to market survey
by Annie Kane • 18 Dec 2019
The Australian Office of Financial Management is calling on all small-business lenders to complete its survey on the... READ MORE
AFG announces NSW sales manager
by Hannah Dowling • 18 Dec 2019
The aggregator has appointed David Vizza as its new state sales manager for NSW, effective... READ MORE
ASIC approves banking code changes
by Hannah Dowling • 18 Dec 2019
ASIC has signed off on the updated version of the ABA’s Banking Code of Practice, which aims to better align with... READ MORE
Stiffer penalties flagged as alternative to BID
by Charbel Kadib • 17 Dec 2019
The industry should focus on “preventing and penalising” broker misconduct rather than imposing a new legal... READ MORE
Broker develops CSR platform for financial services sector
by Annie Kane • 17 Dec 2019
A leading asset finance broker and principal of Astute Ability Finance Group is set to launch a new corporate social... READ MORE
Volt Bank releases savings account details
by Hannah Dowling • 17 Dec 2019
The neobank has begun the onboarding process of its 40,000-strong waitlist for its initial savings account product... READ MORE
Neobank partners with FMS for digital mortgage
by Hannah Dowling • 17 Dec 2019
Challenger bank 86 400 has partnered with mortgage software provider FMS to utilise its eSign solution for... READ MORE
Reach of FHLDS questioned
by Hannah Dowling • 16 Dec 2019
Criticism for the government’s First Home Loan Deposit Scheme has sparked once more, following on from the... READ MORE
Connective welcomes HEM clarification
by Charbel Kadib • 16 Dec 2019
The mortgage aggregator has welcomed ASIC’s new guidance regarding the application of expense benchmarks.
READ MOREAndrew Rasby becomes bank CEO
by Annie Kane • 16 Dec 2019
Former YBR GM Andrew Rasby has become the acting CEO of Police Bank following the resignation of former CEO Tony... READ MORE
Non-bank lender partners with IA Group
by Annie Kane • 13 Dec 2019
The non-bank lender has announced that it will take a controlling stake in financial services company International... READ MORE
Call for brokers to help regional businesses
by Annie Kane • 13 Dec 2019
An SME fintech is urging brokers to help regional and rural businesses secure finance as they face “more challenges... READ MORE
Brokers urged to wind down to avoid ‘burnout’
by Reporter • 13 Dec 2019
Brokers have been encouraged to take a much-needed break this Christmas amid new research revealing that a third of... READ MORE
Mortgage Choice launches marketing support program
by Hannah Dowling • 13 Dec 2019
The major brokerage has announced the launch of a new six-month support plan for brokers who purchase an existing... READ MORE
CBA joins FHB scheme lender panel
by Hannah Dowling • 12 Dec 2019
Twenty-six additional lenders have been appointed to the initial panel of the government’s First Home Loan Deposit... READ MORE
Lenders to determine fate of new RG 209
by Charbel Kadib • 12 Dec 2019
The effectiveness of ASIC’s new guidance will be contingent on its interpretation by lenders, broking industry... READ MORE
BOQ hires new relationship manager for Qld
by Annie Kane • 12 Dec 2019
The Bank of Queensland has hired former Connective BDM Aaron Hase as its new state relationship manager for its home... READ MORE
ASIC permanently bans broker, charges another
by Annie Kane • 12 Dec 2019
The financial services regulator has banned a former Aussie broker for allegedly providing false documents to banks and... READ MORE
Major bank appoints new head of broker
by Annie Kane • 11 Dec 2019
NAB has appointed a new executive general manager of broker partnerships, replacing Anthony Waldron, effective... READ MORE
Finalists for the Better Business Awards 2020 revealed
by Annie Kane • 11 Dec 2019
The finalists for The Adviser’s state-based Better Business Awards 2020 – partnered by NAB – have been revealed... READ MORE
Refinancers increasingly looking at smaller lenders
by Hannah Dowling • 11 Dec 2019
New and existing borrowers increasingly favour smaller lenders over the big four, new data from online brokerage Lendi... READ MORE
Wisr appoints CRO to prepare business for ‘industry changes’
by Reporter • 11 Dec 2019
The fintech lender has appointed a former Commonwealth Bank executive to its newly created role of chief risk and data... READ MORE
Brokerage group hires data scientist
by reporter • 11 Dec 2019
Loan Market Group has appointed a former Westpac senior analyst to be its first data scientist in anticipation of... READ MORE
BOQ, Virgin Money slash serviceability rates
by Charbel Kadib • 10 Dec 2019
The non-major and its subsidiary have lowered their interest rate floors for home loan serviceability... READ MORE
White label revenue at risk, warns NAB
by Charbel Kadib • 10 Dec 2019
Revenue earned by aggregators and mortgage managers on white label home loan products may be deemed “conflicted... READ MORE
ABA welcomes new RG 209 guidance
by Annie Kane • 10 Dec 2019
The Australian Banking Association has welcomed the new guidance on responsible lending, stating that it is an... READ MORE
What the new responsible lending guidance means for brokers
by Annie Kane • 9 Dec 2019
The financial services regulator has released its updated guidance on responsible lending obligations, which includes a... READ MORE
CIF flags risks to commissions on top-up loans
by Charbel Kadib • 9 Dec 2019
Commissions paid to brokers on top-up loans may be deemed “conflicted remuneration” under the current drafting of... READ MORE

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