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Lender
Bank chairman steps down as scandals unfold
by James Mitchell • 30 Apr 2018
The chair of a non-major lender has stepped down from the board just one week after the bank lost its CEO after the...
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‘Unconscionable conduct’: Credit repair group to pay $1.7m
by Reporter • 27 Apr 2018
A credit repair business has been ordered to pay penalties totalling $1.7 million after it was found to have breached...
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SME lender announces new BDM appointments
by Reporter • 27 Apr 2018
Fintech SME lender The Invoice Market has hired three new state business development managers.
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Westpac Group announces new credit policy changes
by Reporter • 27 Apr 2018
Brokers will no longer be able to submit their own personal mortgage applications following Westpac Group’s policy...
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NAB backs remuneration structure but calls for ‘improvements’
by Reporter • 20 Apr 2018
The major bank has written to brokers highlighting that it supports the current broker remuneration structure but...
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Aggregator acquires strategic interest in commercial lender
by Reporter • 19 Apr 2018
A major aggregator has entered into a binding agreement to make a strategic investment of 30.4 per cent (fully...
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Bank ‘forced’ to hike interest rates
by Reporter • 18 Apr 2018
A regional bank has said that it was forced to increase rates by up to 16 basis points this week in response to rising...
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Lending slows by 18% at regional bank
by Reporter • 17 Apr 2018
A non-major lender has reported an 18.3 per cent fall in lending growth over the past quarter and a dramatic slowdown...
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Online SME lending to hit $2bn by 2020
by Reporter • 17 Apr 2018
Online small business lending is growing by 79 per cent and could hit $2 billion by 2020, according to OnDeck.
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Major lenders produce broker interview guide
by Reporter • 16 Apr 2018
The big four banks have released a new interview guide for use by brokers when introducing loans to participating...
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