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Non-major found to have used unfair contract terms

The Federal Court has found that a non-major lender used unfair terms in standard form SME loan contracts. ...
September 18, 2021
The regulator will take a “reasonable approach” when enforcing the swathe of incoming financial services laws, chair Joe Longo has said....
August 12, 2021

The broker association has welcomed Treasury’s move to amend mortgage broker obligations under the design and distribution obligations regime.

August 12, 2021

Broker-oriented fintech Effi has partnered with a comparison site to enable brokers to build a profile on the site so customers can find and contact them.

August 12, 2021

Loan Market has added a fintech to its panel that sources private lenders and connects brokers with them.

August 12, 2021

The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 13 August.

August 12, 2021

The government will change broker obligations under the design and distribution obligations regime, following industry feedback.

August 11, 2021

The major bank has updated some of its small-business lending features, including allowing business owners to digitally self-declare their financials.

August 11, 2021
The major bank has reduced rates on its two- and three-year fixed rate business loans to help SMEs “get back on their feet and grow”....
August 11, 2021

The aggregator has set up a client centre that links client data to the broker’s account in its CRM, and added a non-bank lender to its panel.

August 11, 2021

The big four bank has boosted its investment in the broker channel, as the proportion of mortgages written by brokers has dipped to 39 per cent.

August 11, 2021

The SA and federal governments have released a new business support grant for SMEs impacted by the state’s ongoing COVID-19-related restrictions.

August 10, 2021

Digital lender 86 400 is waiving lender’s mortgage insurance for owner-occupied loans with a loan-to-value ratio up to 85 per cent.

August 10, 2021

Commercial, business and asset finance lending surged in the June quarter, amid renewed business confidence, new research has shown.

August 10, 2021

ASIC has made 24 cancellations and suspensions of Australian credit licences during the first half of the year, as an ex-broker has had his criminal conviction overturned.

August 10, 2021
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