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Breaking News
ING drops mortgage rates
by Reporter • 23 Dec 2019
The non-major has reduced fixed rates by up to 65 bps across its owner-occupied and investor home loans.
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Aussie provides Christmas relief to less fortunate
by Reporter • 23 Dec 2019
The major brokerage has marked its 21 years of providing support to less fortunate Australians over the Christmas...
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CBA, NAB clarify start date for FHLDS
by Annie Kane • 20 Dec 2019
The Commonwealth Bank of Australia has confirmed that brokers will be able to apply for CBA’s First Home Loan...
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Aussie creates new executive role
by Hannah Dowling • 20 Dec 2019
The major brokerage has appointed its first chief digital officer, a new senior leadership role that is focused on...
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ASBFEO criticises new banking code
by Hannah Dowling • 20 Dec 2019
The Small Business Ombudsman has highlighted concerns about the recently approved changes to the Banking Code of...
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Scottish Pacific looks to buy CML Group
by Annie Kane • 19 Dec 2019
SME lender Scottish Pacific has submitted a proposal to acquire non-bank debtor finance specialist CML Group, competing...
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Volt unveils broker-centric home lending strategy
by Charbel Kadib • 19 Dec 2019
The challenger bank has shed light on its plans in the mortgage market, with the new entrant preparing to launch its...
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Thinktank surpasses $2bn in settlements
by Annie Kane • 19 Dec 2019
Commercial property lender Thinktank has announced that it has surpassed $2 billion in loan settlements, off the back...
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Heritage raises variable rates
by Hannah Dowling • 19 Dec 2019
The non-major bank has announced changes to select mortgage interest rates for new borrowers, effective 18 December.
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Kathy Cummings becomes BOQ’s GM of broker
by Annie Kane • 18 Dec 2019
Bank of Queensland has appointed Kathy Cummings, who established CBA’s broking business, to the newly created role...
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Senate committee calls for best interests duty clarification
by Annie Kane • 18 Dec 2019
The Senate’s standing committee for the scrutiny of bills is calling for the incoming best interests duty to be...
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SME players urged to contribute to market survey
by Annie Kane • 18 Dec 2019
The Australian Office of Financial Management is calling on all small-business lenders to complete its survey on the...
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AFG announces NSW sales manager
by Hannah Dowling • 18 Dec 2019
The aggregator has appointed David Vizza as its new state sales manager for NSW, effective immediately.
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ASIC approves banking code changes
by Hannah Dowling • 18 Dec 2019
ASIC has signed off on the updated version of the ABA’s Banking Code of Practice, which aims to better align with...
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Stiffer penalties flagged as alternative to BID
by Charbel Kadib • 17 Dec 2019
The industry should focus on “preventing and penalising” broker misconduct rather than imposing a new legal...
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Broker develops CSR platform for financial services sector
by Annie Kane • 17 Dec 2019
A leading asset finance broker and principal of Astute Ability Finance Group is set to launch a new corporate social...
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Volt Bank releases savings account details
by Hannah Dowling • 17 Dec 2019
The neobank has begun the onboarding process of its 40,000-strong waitlist for its initial savings account product...
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Neobank partners with FMS for digital mortgage
by Hannah Dowling • 17 Dec 2019
Challenger bank 86 400 has partnered with mortgage software provider FMS to utilise its eSign solution for mortgages.
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Reach of FHLDS questioned
by Hannah Dowling • 16 Dec 2019
Criticism for the government’s First Home Loan Deposit Scheme has sparked once more, following on from the...
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Connective welcomes HEM clarification
by Charbel Kadib • 16 Dec 2019
The mortgage aggregator has welcomed ASIC’s new guidance regarding the application of expense benchmarks.
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Andrew Rasby becomes bank CEO
by Annie Kane • 16 Dec 2019
Former YBR GM Andrew Rasby has become the acting CEO of Police Bank following the resignation of former CEO Tony...
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Non-bank lender partners with IA Group
by Annie Kane • 13 Dec 2019
The non-bank lender has announced that it will take a controlling stake in financial services company International...
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Call for brokers to help regional businesses
by Annie Kane • 13 Dec 2019
An SME fintech is urging brokers to help regional and rural businesses secure finance as they face “more challenges...
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Brokers urged to wind down to avoid ‘burnout’
by Reporter • 13 Dec 2019
Brokers have been encouraged to take a much-needed break this Christmas amid new research revealing that a third of...
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Mortgage Choice launches marketing support program
by Hannah Dowling • 13 Dec 2019
The major brokerage has announced the launch of a new six-month support plan for brokers who purchase an existing...
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