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Breaking News
Loan Market to move forward with MyCRM
by Annie Kane • 6 May 2021
The major brokerage has chosen MyCRM as its broker platform, but will be updating it with key features from Podium to...
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ACL obligations issued for debt management firms
by Malavika Santhebennur • 6 May 2021
ASIC will require debt management firms to hold a credit licence from 1 July 2021.
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NAB exec to head up mutual bank
by Annie Kane • 6 May 2021
A member-owned bank has announced that it has appointed a new CEO and executive general manager of its retail banking...
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Automating broker loan assessments ‘on the priority list’: ANZ
by Annie Kane • 5 May 2021
The CEO of the major bank has confirmed that broker turnarounds are still taking too long, but added that the bank is...
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Treasury looks to update CDR to give brokers access
by Annie Kane • 5 May 2021
The Treasury will soon release for consultation new Consumer Data Right rules that will enable consumers to give...
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The next steps for the Lendi Group
by Annie Kane • 5 May 2021
David Hyman, the CEO of the newly merged Lendi Group, speaks to The Adviser about what’s next for the Aussie and...
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Home buyers divided on buying a home now: survey
by Malavika Santhebennur • 5 May 2021
Almost half of all Millennials believe now is a good time to buy property, but a third of all Australians are unsure, a...
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RBA announces May cash rate
by Malavika Santhebennur • 4 May 2021
The central bank has revealed its cash rate decision for May ahead of the federal budget on 11 May.
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Aussie-Lendi merger officially completes
by Malavika Santhebennur • 4 May 2021
The merger between major brokerage Aussie and online loan platform Lendi has officially finalised, with David Hyman...
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Non-bank sees loan originations rise 17% qoq
by reporter • 4 May 2021
A non-bank lender has reported that its loan originations grew 17 per cent in the quarter ending 31 March 2021, up...
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Housing market shows hints of slowdown: CoreLogic
by Malavika Santhebennur • 4 May 2021
There are signs that the housing market has moved through a peak rate of growth amid a slowdown in demand and rise in...
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Major bank makes appointment to newly created role
by Malavika Santhebennur • 3 May 2021
The major bank has made an appointment to the newly created head of specialised and private role, a part of the...
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Mortgage Choice adds non-major to panel
by Malavika Santhebennur • 3 May 2021
The major brokerage and aggregator has added a non-major bank lender to its panel, with its loan products available...
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Major bank rolls out ‘no-interest’ credit card for SMEs
by Annie Kane • 3 May 2021
The major bank has launched a new, “no-interest” credit card for small-business customers that enables them to...
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SMSF refinancing a ‘missed opportunity’ for brokers
by Annie Kane • 3 May 2021
A lack of awareness around refinancing SMSF loans means that brokers may be “missing out” on an opportunity to...
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Westpac outlines source of tech abuse
by Malavika Santhebennur • 3 May 2021
The major bank has said that abusive or threatening transactions stemmed from the new payments platform that was...
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Treasurer announces new ASIC chair and deputy chair
by Annie Kane • 30 Apr 2021
The federal Treasurer has announced the replacements for ASIC chair James Shipton and former deputy chair Daniel...
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Aggregator offers in-house loan processing support
by Malavika Santhebennur • 30 Apr 2021
An aggregator has introduced an option for brokers to have their loans processed in-house, which includes fraud...
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Steve Sampson becomes CCO of non-bank lender
by Annie Kane • 30 Apr 2021
An SME lender has appointed Bank of Sydney’s former head of third party, Steve Sampson, as its first chief commercial...
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Bank survey shows turnarounds remain top broker concern
by Annie Kane • 30 Apr 2021
A non-major bank has found that 86 per cent of brokers are most concerned about turnarounds at the moment, with...
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Hot Property: The biggest property headlines from the week 26-30 April
by Reporter • 30 Apr 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 30...
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Loan deferrals dwindle as scheme expires
by Malavika Santhebennur • 29 Apr 2021
Less than 1 per cent of loans that were deferred during the pandemic remained deferred at the end of March, with...
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APRA approves NAB-86 400 deal
by Annie Kane • 29 Apr 2021
The prudential regulator has granted approval for the major bank to fully acquire neobank 86 400.
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Major bank settles class action for $30m
by reporter • 29 Apr 2021
A big four bank has agreed to pay up to $30 million, without any admission of liability, to settle a class action...
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Recognising the Symond legacy
by Annie Kane • 28 Apr 2021
Following the news that Aussie CEO James Symond is to step down from his role, the industry has been reflecting on the...
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