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Lending laws ‘holding back the Australian dream’: Senator Bragg
After hearing evidence from the banking industry in the final hearing for the Senate home ownership inquiry, senator Andrew Bragg has said lending laws are too rigid.
BORROWER • Thu, 24 Oct 2024
APRA defends 3 per cent buffer, flags that exceptions are available
The prudential regulator has told the Senate inquiry that it believes the 3 per cent buffer is appropriate, but highlighted that lenders are able to utilise exceptions, ...
COMPLIANCE • Thu, 24 Oct 2024
Non-major bank adopts e-signature technology
The lender has implemented the eSign feature into its lodgement system to enable brokers to use digital signatures in home loan applications.
TECH • Thu, 24 Oct 2024
ASIC unconvinced easing RLOs would increase ‘affordable credit’
An ASIC commissioner has cast doubt on suggestions that easing responsible lending obligations would make credit more accessible and affordable.
COMPLIANCE • Wed, 23 Oct 2024
ABA backs ‘conversations’ on changing buffers
The banking industry association has told the Senate home ownership inquiry it believes APRA’s 3 per cent serviceability buffer should be more flexible.
COMPLIANCE • Wed, 23 Oct 2024
MyState/Auswide merger in ‘best interests’ of shareholders
“Extensive due diligence” on the MyState/Auswide Bank merger has convinced the bank boards that it would be “in the best interests” of shareholders to vote in favour of ...
LENDER • Wed, 23 Oct 2024
Brighten launches new broker portal
The non-bank has released a new, cloud-based broker portal to help enhance its broker offering.
TECH • Wed, 23 Oct 2024
Brokers will get to 80% market share: Greg Medcraft
The former ASIC chairman has said he believes broker market share will surpass 80 per cent.
BROKER • Tue, 22 Oct 2024
Entourage Finance announces another acquisition
Victorian-based brokerage Entourage Finance has continued its merger and acquisition moves by purchasing another broking business.
BROKER • Tue, 22 Oct 2024