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ASIC sues CBA over alleged $8.5m in hidden business fees

ASIC has launched civil penalty proceedings against CBA, alleging approximately 42,000 business customers were overcharged $8.5 million through undisclosed transaction fees.

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Broker mortgage share rising at CBA despite proprietary push

Mortgage brokers are reclaiming ground in CBA’s mortgage business, despite the bank’s sustained preference for... READ MORE

Mortgage borrower sentiment sinks to all-time low

Borrower confidence has collapsed to record lows, with households still bracing for further increases in mortgage... READ MORE

New home loans suffer largest drop on record

New Australian home loan commitments have recorded their largest quarterly fall since records... READ MORE

Upgraders drive mortgage demand as first home buyers stall: AFG

Existing home owners looking to trade up are dominating mortgage activity as buyers attempt to leverage accumulated... READ MORE