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Regulation of industry will remain ‘on the agenda’: AFG CEO
by Annie Kane • 2 Mar 2020
The regulatory scrutiny and continued legislation of the broking industry “will be on the agenda from here on in”... READ MORE
Michael Scott

Former ME Bank BDM joins Heritage
by Reporter • 2 Mar 2020
Heritage Bank has announced the appointment of a new business development manager for Victoria and South Australia. READ MORE
Resimac appoints interim chairman

Resimac appoints interim chairman
by Reporter • 2 Mar 2020
The non-bank has announced the appointment of a non-executive director to serve as interim chairman while the lender... READ MORE
Mark Bouris

YBR completes sale of 50% stake in Resi
by Reporter • 2 Mar 2020
An affiliate of a global alternative asset manager has officially assumed a 50 per cent stake in YBR subsidiary Resi. READ MORE

Revealed: The winners of the Better Business Awards NSW/ACT
by Annie Kane • 28 Feb 2020
The leading lights of the broking industry from across NSW and ACT have been celebrated at the Better Business Awards... READ MORE

Prospa reshuffles leadership team
by Hannah Dowling • 28 Feb 2020
The SME lender has announced changes to its leadership team following the release of it’s half-year 2020 results. READ MORE

Wisr originations jump 90%, profit falls
by Hannah Dowling • 28 Feb 2020
The neo-lender has reported a $12.9 million loss in the six months to 31 December 2019, despite seeing its loan... READ MORE

Broker market share bounces back
by Charbel Kadib • 27 Feb 2020
The share of new loans originated by the broker channel has increased for the first time in six months, new MFAA data... READ MORE
Scott McWilliam

Lender CEO sees bright side of BID
by Charbel Kadib • 27 Feb 2020
The new best interests duty would provide lenders with a greater deal of “comfort” when dealing with the... READ MORE
Bank of Queensland

BOQ updates guarantor policy
by Reporter • 27 Feb 2020
The non-major has revised its guarantor policy in response to provisions in the new banking code of practice. READ MORE
Brokers driving growth through technology

Brokers driving growth through technology
by Hannah Dowling • 27 Feb 2020
A Sydney-based brokerage has experienced a 40 per cent increase in settlement volumes year-on-year, after adopting... READ MORE
Fane Levy

Broking is a round-the-clock business, says broker
by Malavika Santhebennur • 27 Feb 2020
Brokers should aim for “round-the-clock” efficiency and return a client’s call within two hours, advises a... READ MORE
Greg Ashe

ASIC urged to ‘dial back’ BID guidance
by Charbel Kadib • 26 Feb 2020
The regulator has “overreached” in its interpretation of the best interests duty and should “dial back” its... READ MORE
ASIC

Non-mortgage package products subject to BID: ASIC
by Charbel Kadib • 26 Feb 2020
Brokers will be required to meet their best interests duty obligations when assessing the suitability of other credit... READ MORE

SME lender appoints new sales manager for WA/SA
by Annie Kane • 26 Feb 2020
Working capital lender Scottish Pacific has made a new senior appointment to service commercial finance brokers,... READ MORE
Banned

Financial adviser banned for BID breach
by Lachlan Maddock • 26 Feb 2020
ASIC has permanently banned a Queensland-based financial adviser and cancelled the AFSL of Financial Options Pty Ltd. READ MORE

ASIC applauded for BID guidance approach
by Annie Kane • 25 Feb 2020
Several members of industry have applauded the financial services regulator’s draft guidance on the incoming best... READ MORE
Heritage Bank

Heritage profits down despite loan, deposit growth
by Charbel Kadib • 25 Feb 2020
The customer-owned bank has recorded a 5 per cent decline in its profit after tax despite growth in both loan approvals... READ MORE
Yellow Brick Road

YBR signs $120m RMBS deal
by Charbel Kadib • 25 Feb 2020
The financial services group has agreed terms with an Australian bank for a $120-million residential mortgage-backed... READ MORE

Broker calls for finance industry to embrace CSR
by Hannah Dowling • 25 Feb 2020
The principal and founder of Astute Ability Finance Group, Mhairi MacLeod, has renewed her call for further adoption of... READ MORE

ASIC outlines record-keeping obligations for BID compliance
by Charbel Kadib • 24 Feb 2020
The corporate regulator has outlined the documentation it expects mortgage brokers to store as means to demonstrate... READ MORE
AFG

AFG profits up despite slip in volumes
by Charbel Kadib • 24 Feb 2020
The mortgage aggregator has reported a 10 per cent earnings increase, despite a $400-million decline in settlements... READ MORE
MyState

MyState to bank on FHBs as settlements slip
by Hannah Dowling • 24 Feb 2020
The Tasmania-based bank has reported a 15.4 per cent decrease in its loan settlements in the first half of the 2020... READ MORE

Brokers invited to assess lender performance in new survey

by Michael Johnson • 24 Feb 2020
A major survey of the lending space has launched, calling on brokers to assess the performance of Australia’s... READ MORE

Pepper unveils national brand campaign
by Staff Reporter • 24 Feb 2020
The non-bank lender has revealed a multimillion-dollar brand campaign in the form of a parody music video called... READ MORE