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MyBudget scrambles for AFS licence after ASIC probe

Budgeting provider MyBudget has applied for an Australian financial services licence, after a recent ASIC investigation.

COMPLIANCE • Mon, 19 Jul 2021

AMP dodges criminal charges in fees-for-no-service investigation

ASIC has decided to end an investigation into alleged criminal conduct by an AMP financial advice business, relating to fees-for-no-service breaches.

COMPLIANCE • Sun, 18 Jul 2021

Former broker, Westpac BDM join Resimac

Non-bank lender Resimac has recruited a former broker and Westpac business development manager.

BROKER • Sun, 18 Jul 2021

APRA urged to consider business loans in banking review

The small business ombudsman has argued that APRA needs to better support new entrants to the banking industry, in order to boost competition in business lending.

TECH • Thu, 15 Jul 2021

Choice adds Judo to lending panel

Judo Bank has joined the lender panel of Choice Aggregation Services, with the move reportedly expanding its reach to almost three-quarters of the broker market.

AGGREGATOR • Wed, 14 Jul 2021

TechLend launches new 'BNPL' bridging loans

A broker and an ex-lender strategy head have teamed up to launch a digital non-bank, rolling out an interest-free bridging loan product.

AGGREGATOR • Tue, 13 Jul 2021

Nectar teams with credit repair agency

Franchise brokerage Nectar Mortgages has partnered with credit repair agency Clear Credit Solutions, as the pair has forecast others will follow suit under new laws.

AGGREGATOR • Mon, 12 Jul 2021

MyState names marketing, comms manager

MyState Bank has appointed a new marketing manager to oversee broker communications.

SALES & MARKETING • Thu, 08 Jul 2021

Banks explain lagging turnarounds to Parliament

Big four and non-major banks have given their reasons for delayed turnarounds for the broker channel, which vary from technology to regulation and loan complexity.

TECH • Wed, 07 Jul 2021