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Court orders CBA to publish misconduct notices
by reporter • 17 Aug 2021
The big four bank has been ordered to publish notices acknowledging “false or misleading conduct when it... READ MORE
Turnarounds continue to quicken

Turnarounds continue to quicken
by Annie Kane • 16 Aug 2021
Turnarounds have improved for the fourth month in a row, with time to initial credit decision at its fastest... READ MORE
SME lender unveils rebrand

SME lender unveils rebrand
by Annie Kane • 16 Aug 2021
Business lender and payments provider Zip Business has rebranded as it unifies its branding across international... READ MORE
COVID SME grants extended to multiple states

COVID SME grants extended to multiple states
by Malavika Santhebennur • 16 Aug 2021
SMEs across Melbourne, Queensland, Tasmania, and the ACT impacted by COVID-19 will receive support, while targeted... READ MORE
Non-major found to have used unfair contract terms

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. READ MORE
ASIC to be ‘reasonable’ in enforcing new laws

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,... READ MORE
MFAA welcomes DDO changes

MFAA welcomes DDO changes
by Annie Kane • 13 Aug 2021
The broker association has welcomed Treasury’s move to amend mortgage broker obligations under the design and... READ MORE
Fintech, comparison site partner to help clients find brokers

Fintech, comparison site partner to help clients find brokers
by Malavika Santhebennur • 13 Aug 2021
Broker-oriented fintech Effi has partnered with a comparison site to enable brokers to build a profile on the site so... READ MORE
Aggregator adds fintech to panel

Aggregator adds fintech to panel
by Malavika Santhebennur • 13 Aug 2021
Loan Market has added a fintech to its panel that sources private lenders and connects brokers with them. READ MORE
Hot Property: The biggest property headlines from the week 9 to 13 August

Hot Property: The biggest property headlines from the week 9 to 13...
by Reporter • 13 Aug 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 13... READ MORE
Treasury to amend DDO requirements

Treasury to amend DDO requirements
by Annie Kane • 12 Aug 2021
The government will change broker obligations under the design and distribution obligations regime, following... READ MORE
NAB tweaks small-business lending offering

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... READ MORE
Westpac cuts business fixed rate

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... READ MORE
Finsure launches client portal, adds to panel

Finsure launches client portal, adds to panel
by Malavika Santhebennur • 12 Aug 2021
The aggregator has set up a client centre that links client data to the broker’s account in its CRM, and added a... READ MORE
CBA chasing brokers as flows slow

CBA chasing brokers as flows slow
by Annie Kane and Sarah Simpkins • 11 Aug 2021
The big four bank has boosted its investment in the broker channel, as the proportion of mortgages written by brokers... READ MORE
$40m COVID support released for SA SMEs

$40m COVID support released for SA SMEs
by Malavika Santhebennur • 11 Aug 2021
The SA and federal governments have released a new business support grant for SMEs impacted by the state’s ongoing... READ MORE
Neobank removes LMI up to 85% LVR

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... READ MORE
Commercial loan settlements record upswing: FAST

Commercial loan settlements record upswing: FAST
by Malavika Santhebennur • 11 Aug 2021
Commercial, business and asset finance lending surged in the June quarter, amid renewed business confidence, new... READ MORE
ASIC reveals frozen credit licences, overturned conviction

ASIC reveals frozen credit licences, overturned conviction
by Sarah Simpkins • 11 Aug 2021
ASIC has made 24 cancellations and suspensions of Australian credit licences during the first half of the year, as an... READ MORE

Calls for aggregator inclusion in new CDR
by Malavika Santhebennur • 10 Aug 2021
The Loan Market Group has called for more clarity around the role of aggregators in the new CDR proposal, and urged... READ MORE

Lend extends asset classes with panel additions
by Malavika Santhebennur • 10 Aug 2021
The SME finance platform has added new lenders to its panel to provide more choice of asset classes for brokers. READ MORE

Connective logs record settlements in June
by Malavika Santhebennur • 10 Aug 2021
The aggregation group has reported that its brokers settled a record $7.4 billion in June 2021, while lodgements were... READ MORE

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... READ MORE

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... READ MORE
Adelaide Bank’s former head of broker joins NAB

Adelaide Bank’s former head of broker joins NAB
by Annie Kane • 9 Aug 2021
NAB has welcomed the former head of broker distribution at Adelaide Bank to its home ownership team to help drive... READ MORE