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CBA pays additional compensation for advice failings
by Reporter • 11 Apr 2019
ASIC has released its final report on the major bank’s compliance with financial advice licence conditions,...
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Prospa launches new line of credit facility
by Annie Kane • 9 Apr 2019
Following broker feedback, the small business lender has developed a new line of credit facility for SMEs.
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CBA’s NewCo CEO appointed to FSC board
by Reporter • 8 Apr 2019
Three new faces have joined the Financial Services Council board, including the CEO of Commonwealth Bank’s NewCo.
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Broking industry heads tentatively welcomes Coalition’s budget
by Annie Kane • 4 Apr 2019
Several members of the mortgage broking industry have voiced support of the Coalition government’s budget for 2019-20...
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ING announces commercial credit policy changes
by Charbel Kadib • 3 Apr 2019
The non-major lender has announced changes to its commercial credit policy, including a sharp increase to the maximum...
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SME lender signs $100m debt facility
by Reporter • 3 Apr 2019
A new entrant in the SME lending space has secured a $100 million debt facility, which it said would broaden its...
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Property slump ‘weighing heavily’ on sentiment
by Reporter • 2 Apr 2019
Cost of living pressures have been magnified by the continued fall in dwelling values, with the “wealth effect”...
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Non-bank updates lending policy
by Reporter • 2 Apr 2019
A non-bank lender has announced updates to its serviceability assessment criteria, including changes to requirements...
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Industry heads reiterate warning of changing remuneration
by Annie Kane • 29 Mar 2019
A panel of representatives from the mortgage and broking industry has noted the complex task of changing broker...
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Introducer program ‘halved’, ANZ reveals
by Charbel Kadib • 29 Mar 2019
ANZ CEO Shayne Elliott has revealed that the major bank has halved its network of introducers but has no immediate...
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