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Lender
Non-major found to have used unfair contract terms
by Annie Kane • 13 Aug 2021
The Federal Court has found that a non-major lender used unfair terms in standard form SME loan contracts.
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ASIC to be ‘reasonable’ in enforcing new laws
by Annie Kane • 13 Aug 2021
The regulator will take a “reasonable approach” when enforcing the swathe of incoming financial services laws,...
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NAB tweaks small-business lending offering
by Malavika Santhebennur • 12 Aug 2021
The major bank has updated some of its small-business lending features, including allowing business owners to digitally...
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Westpac cuts business fixed rate
by Annie Kane • 12 Aug 2021
The major bank has reduced rates on its two- and three-year fixed rate business loans to help SMEs “get back on their...
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Neobank removes LMI up to 85% LVR
by Annie Kane • 11 Aug 2021
Digital lender 86 400 is waiving lender’s mortgage insurance for owner-occupied loans with a loan-to-value ratio up...
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Oak Capital to give away $5k to SME
by reporter • 10 Aug 2021
The non-bank lender is calling on brokers to nominate SMEs that have been hard-hit by COVID-19 to go in the running to...
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NAB to buy Citi for $1.2bn
by Annie Kane • 9 Aug 2021
The major bank has entered into an agreement to buy Citigroup’s Australian consumer business for approximately $1.2...
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Non-bank lender CEO to step down
by Annie Kane • 9 Aug 2021
The CEO of HomeStart has announced that he will step down from the role at the end of this year, following 12 years...
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RedZed prices largest transaction to date
by reporter • 6 Aug 2021
The non-bank lender has priced a $750 million RMBS transaction, its largest to date.
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NAB launches Islamic SME financing
by Annie Kane • 5 Aug 2021
The major bank has launched a specialised financing product for Islamic business customers.
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