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Firstmac fined $8m for failing to meet DDOs
by Annie Kane • 24 Jan 2025
The Federal Court has ordered the non-bank to pay $8 million in penalties for failing to meet its design and...
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Satisfaction with credit assessors at record high: Broker Pulse
by Annie Kane • 23 Jan 2025
Credit assessors earned their highest satisfaction score from brokers in December, according to a new survey.
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Lenders begin reducing fixed rates ahead of RBA meeting
by Annie Kane • 22 Jan 2025
Macquarie Bank has reduced its one- to three-year fixed-rate mortgages by up to 0.16 percentage points, as lenders...
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Home Guarantee Scheme passes 200k milestone
by Ben Squires • 21 Jan 2025
The federal government’s scheme has reportedly supported more than 200,000 eligible buyers, according to Housing...
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Government-backed lender increases price limits
by Annie Kane • 21 Jan 2025
Expanded property price and income limits have been introduced by Western Australian government-owned home lender...
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BCCC sanctions BOQ for charging accounts of dead customers
by Ben Squires • 20 Jan 2025
The non-major bank has been sanctioned after the BCCC found “serious and systemic” breaches of the Banking Code of...
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Mal Withers joins equipment leasing company Selfco
by Annie Kane • 17 Jan 2025
Auswide Bank’s newly acquired asset finance company has appointed Malcolm Withers to lead its broker relationships.
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Westpac appoints new head of broker
by Annie Kane • 15 Jan 2025
A major bank has announced it will welcome a new head of broker distribution next month, as the incumbent moves into a...
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CBA announces new GM of third-party banking
by Annie Kane • 14 Jan 2025
The major bank has announced that it has appointed a new GM of third-party banking, effective from 3 March 2025.
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In Memoriam: Frank Cicutto 1950–2024
by Annie Kane • 14 Jan 2025
A former CEO of National Australia Bank, Franco (Frank) Cicutto, has passed away at the age of 74.
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