Westpac CEO Brian Hartzer is to step down, alongside other board changes, following Westpac’s AUSTRAC scandal.
The major brokerage has rejected the consumer group’s claim that Aussie is a “sales outpost” for the Commonwealth Bank, among other accusations submitted to ASIC.
The peer-to-peer lender has joined FAST’s panel of lenders, the latest aggregator panel it has joined since partnering with PLAN Australia.
The non-major will change the way it calculates upfront commissions paid to brokers in a bid to “standardise” the payment period across all new loans.
The finalisation of AFG’s merger with Connective has been delayed, with court proceedings progressing at a “slower pace than initially anticipated”.
The big four bank has announced that it will replace ANZ Toolkit, warning that old data will not be automatically moved to the new pre-qualification tool.
Both industry associations have called for “greater transparency” in broker separation letters issued by lenders to ensure due process.
Two brokers have become the newest directors elected to the Mortgage & Finance Association of Australia board.
The effectiveness of ASIC’s new guidance will be contingent on...
The Bank of Queensland has hired former Connective BDM Aaron Hase...
The financial services regulator has banned a former Aussie broke...