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ASIC cancels licences of financial services firm
by Reporter • 4 Dec 2018
The corporate regulator has announced that it has cancelled the ACL and AFSL of a Melbourne-based financial services...READ MORE
Regional bank reports strong housing loan growth
by Reporter • 4 Dec 2018
A non-major bank has seen a major uplift in housing loan growth in the past financial year, rising by $653 million in... READ MORE
Bank appoints new broker head
by Charbel Kadib • 3 Dec 2018
A non-major bank has announced the appointment of a new head of broker distribution.
READ MORE
ANZ CEO weighs in on the HEM debate
by Charbel Kadib • 3 Dec 2018
The use of the Household Expenditure Measure to assess serviceability was initially less common for broker-originated... READ MORE
Ombudsman clarifies new securitisation fund following ‘confusion’
by Annie Kane • 3 Dec 2018
The small business ombudsman has clarified what the $2 billion Australian Business Securitisation Fund will involve,... READ MORE
Straight-through processing could be achieved in 2019: Mogo
by Annie Kane • 3 Dec 2018
One aggregator and one lender could come out with a “straight-through processing solution” next year, the heads of... READ MORE
Brokerage launches new mentor accreditation program
by Reporter • 3 Dec 2018
A major broking group has launched a new mentor accreditation program to help develop its experienced brokers into... READ MORE
Women brokers on the decline: MFAA
by Reporter • 30 Nov 2018
While there is no gender pay gap in the mortgage broking industry, unlike financial services more broadly, the... READ MORE
The Adviser launches major borrower survey
by Reporter • 30 Nov 2018
The Adviser aims to highlight the experiences of borrowers through the retail and third-party channels through a... READ MORE
Uncertainty over broker agency ‘surprising’: Bendigo chairman
by Charbel Kadib • 30 Nov 2018
The chairman of Bendigo and Adelaide Bank has said he was “surprised” that the roles and responsibilities of... READ MORE
Former Westpac broker head joins non-major
by Annie Kane • 29 Nov 2018
A former general manager of third-party distribution at Westpac has joined a Tasmania-based bank as general manager of... READ MORE
Aggregator groups continue fight on behalf of brokers
by Annie Kane • 29 Nov 2018
More aggregators have joined the defence of the broking industry and its current remuneration structure, including... READ MORE
ANZ CEO laments complex ‘408-step’ mortgage process
by Charbel Kadib • 29 Nov 2018
ANZ CEO Shayne Elliott has conceded that the bank’s complex mortgage application process has contributed to much of... READ MORE
Non-bank capitalises on major bank retreat
by Reporter • 29 Nov 2018
The “decreased risk appetite” of major lenders has helped a non-bank achieve $2 billion in settlement growth since... READ MORE
New player launches white-label home loans
by Reporter • 29 Nov 2018
A new entrant to the mortgage market has announced the launch of its home loan... READ MORE
Final day to notify ASIC of AFCA membership
by Annie Kane • 29 Nov 2018
A final reminder has been issued to credit representatives and licensees to notify the regulator of their AFCA... READ MORE
Borrowers divided over interest-only home loans
by Reporter • 28 Nov 2018
Sentiment regarding the utility of interest-only home loans is split; however, negative sentiment towards interest-only... READ MORE
Major bank’s broker interview guide takes effect
by Reporter • 28 Nov 2018
A big four bank has announced that its “broker interview guide”, designed as part of its commitment to responsible... READ MORE
Budget to be handed down before election
by Annie Kane • 27 Nov 2018
The next budget, which is expected to reveal a surplus, is scheduled to be handed down on 2 April and will come before... READ MORE
Introducer program ‘contained’, insists NAB CEO
by Charbel Kadib • 27 Nov 2018
NAB’s introducer program has again been placed under the spotlight, with the financial services royal commission... READ MORE
Borrowers not ‘stress testing’ their mortgage
by Reporter • 27 Nov 2018
Almost 70 per cent of mortgage holders have not stress tested their home loan in preparation for an interest rate hike,... READ MORE
ING announces change to broker remuneration
by Reporter • 27 Nov 2018
The non-major bank has become the latest lender to announced that it will change the way it calculates upfront... READ MORE
MyState Bank changes broker comms
by Annie Kane • 26 Nov 2018
MyState Bank has today announced changes to the way its upfront commissions are calculated.
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Brokers urged to ‘take the cause’ to politicians
by Annie Kane • 26 Nov 2018
A seasoned broker has issued a call for brokers to “take action now” and meet with their local MPs and senators... READ MORE
No evidence to back CBA chair’s claims
by Eliot Hastie • 26 Nov 2018
Commonwealth Bank chair Catherine Livingstone insisted that she had challenged the bank’s regulatory report despite... READ MORE
Social responsibility to be embedded in broking courses
by Reporter • 26 Nov 2018
A training and education firm has teamed up with a brokerage as it moves to redevelop the corporate social... READ MORE
Bank satisfaction continues downward spiral
by Reporter • 26 Nov 2018
The financial services royal commission has continued to drive a fall in bank satisfaction, according to the latest Roy... READ MORE
Mortgage Choice, AFG call out CBA ‘bullying’
by Charbel Kadib • 23 Nov 2018
The CEOs of Mortgage Choice and AFG have criticised Commonwealth Bank CEO Matt Comyn’s support for remuneration... READ MORE
Bank names new CEO - Nov 2018
by Reporter • 23 Nov 2018
A non-major bank will be promoting its current chief customer officer to CEO in April of next year.
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Bank CEO backs brokers and remuneration structure
by Annie Kane • 22 Nov 2018
The CEO of a non-major bank has told the financial services royal commission that brokers provide “genuine... READ MORE
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