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‘Bank built for brokers’ troubled by uncertainty
The managing director of a non-major bank has expressed concern over the impact that changes to broker remuneration may have on the newly revamped lender.
BROKER • Mon, 18 Mar 2019
NAB stands firm on broker front in Hayne response
The major bank has expressed formal support for 72 of the banking royal commission’s recommendations with exception to proposed changes to the broker remuneration model
BROKER • Sun, 17 Mar 2019
PM defends policy call as pressure mounts on ALP
Prime Minister Scott Morrison has doubled down on his support for the “status quo” in the broker remuneration model, as the industry urges Labor to follow suit.
GROWTH • Thu, 14 Mar 2019
CBA suspends demerger plans
The major bank has announced that it will suspend preparations for the demerger of its mortgage broking and wealth businesses as a result of its commitment to ...
LENDER • Wed, 13 Mar 2019
Banks respond to revocation of trail ban
Lenders, including three of the big four banks, have reacted to the federal government’s decision to lift its proposed ban on the payment of trailing commission to ...
LENDER • Wed, 13 Mar 2019
Rebound in housing finance ‘unlikely’ as slump continues
The trend in housing finance volumes remains “very weak”, with “little reason” to expect a “positive turn” in the near term, according to an analysis of new ABS data
GROWTH • Tue, 12 Mar 2019
Aggregator seeks to bust broker ‘myths’
A major aggregator has published a comprehensive response to the banking royal commission’s “fundamentally flawed” mortgage broking recommendations.
AGGREGATOR • Mon, 11 Mar 2019
CBA CEO weighs in on flat-fee model
Commonwealth Bank CEO Matt Comyn has told a parliamentary committee that proposed moves to a flat-fee, commission-based remuneration model are “appropriate and ...
LENDER • Fri, 08 Mar 2019
AMP lifts variable mortgage rates
Cost pressures have prompted AMP Bank to hike its variable home loan rates for both new and existing customers.
BORROWER • Thu, 07 Mar 2019