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Fewer mortgage brokers writing commercial loans
by Charbel Kadib • 16 Sep 2019
Contrary to industry expectations, the MFAA has reported a decline in the number of commercial loans written by...READ MORE
SME lender buys Eclipx Commercial
by Hannah Dowling • 16 Sep 2019
SME lender Grow Asset Finance has purchased Eclipx Commercial for $14.6 million, as Eclipx divests its assets to reduce... READ MORE
Prospa launches education initiative
by Hannah Dowling • 16 Sep 2019
The SME lender has launched a new, interactive education program to assist brokers transition into SME... READ MORE
Broker commissions slide to historic low
by Charbel Kadib • 13 Sep 2019
The average annual commission earned by a broker has slipped to a record low, according to new MFAA research, which... READ MORE
New law would give ASIC greater banning powers
by Annie Kane • 13 Sep 2019
A consultation has launched for new legislation that would broaden the financial services regulator’s powers so it... READ MORE
TMB reveals ethical short-term deposits
by Hannah Dowling • 13 Sep 2019
The bank has announced that all future wholesale short-term deposits have been ethically certified, the latest TMB... READ MORE
CUA appoints new CEO
by Hannah Dowling • 12 Sep 2019
The credit union has announced that it will promote its chief sales officer to CEO on 1 November... READ MORE
ASIC to release loan fraud report next month
by Annie Kane • 12 Sep 2019
The financial services regulator has revealed that it is to release a major publication on loan fraud next month, which... READ MORE
How to ask R U OK?
by Annie Kane • 12 Sep 2019
R U OK? Day non-executive director Graeme Cowan shares his tips and strategies for starting the mental health... READ MORE
Adelaide Bank cuts fixed rates by up to 60 bps
by Charbel Kadib • 12 Sep 2019
The non-major has reduced fixed rates across its owner-occupied and investment home loan products offered exclusively... READ MORE
Purple Circle welcomes 100% LVR lender to its panel
by Hannah Dowling • 12 Sep 2019
The aggregator has welcomed Granite Home Loans to its panel, giving its brokers access to no-deposit home loans for... READ MORE
Bank bracing for ‘busy’ season through broker channel
by Charbel Kadib • 11 Sep 2019
A non-major bank is preparing for an anticipated spike in home loan volumes over the coming months by bolstering its... READ MORE
ASIC to prolong HEM dispute with Westpac
by Charbel Kadib • 11 Sep 2019
The corporate regulator will contest the Federal Court’s decision to dismiss its responsible lending case against... READ MORE
ING revises commercial lending policies
by Hannah Dowling • 11 Sep 2019
The bank has announced changes to its commercial lending policies, which include a doubling of the minimum loan amount... READ MORE
Loan Market launches ‘on-demand’ lead service
by Reporter • 11 Sep 2019
The aggregator has announced the launch of a lead-generation tool that promises to deliver on-demand lead prospects to... READ MORE
Banks offer relief for bushfire victims
by Annie Kane • 10 Sep 2019
Several lenders, including major banks, have announced that they will be providing emergency assistance packages for... READ MORE
Connective enhances expense verification process
by Reporter • 10 Sep 2019
The aggregator has announced the launch of an integrated solution for borrower expenses verification.
READ MORE
Why everyone needs a good broker
by Hannah Dowling • 10 Sep 2019
Award-winning broker Deslie Taylor shares her insights into why using a broker is the best way to go, and the most... READ MORE
New bank outlines support of broker channel
by Annie Kane • 9 Sep 2019
Fintech lender Xinja has been granted a full banking licence by APRA, announcing that it will look to launch lending... READ MORE
How this broker provides award-winning customer service
by Hannah Dowling • 9 Sep 2019
Education and “nurturing” client relationships are key to the success of an award-winning brokerage, according to... READ MORE
Suncorp partners with FBAA to promote broker wellbeing
by Reporter • 9 Sep 2019
The non-major bank has announced that it will be hosting a wellbeing workshop for brokers alongside the FBAA.
READ MORE
Lender rewards broker car loan clients
by reporter • 9 Sep 2019
Peer-to-peer lender RateSetter has said it will be offering broker clients a reward for drawing down on their car loan... READ MORE
Aussie, AFG weigh in on clawback debate
by Charbel Kadib • 6 Sep 2019
The aggregators have responded to a renewed push from industry stakeholders to reform clawback arrangements.
READ MORE
Best interests duty could bite big 4
by Charbel Kadib • 6 Sep 2019
The federal government’s proposed best interests duty could undermine the market power of the major banks, according... READ MORE
Non-major banks cut interest rates
by Annie Kane • 6 Sep 2019
Heritage Bank and ME have both announced that they have cut interest rates on a range of owner-occupied and investor... READ MORE
Feedback sought for SME funding guide
by Hannah Dowling • 6 Sep 2019
The ASBFEO is seeking feedback on the “content and usefulness” of the Business Funding Guide, a free guide launched... READ MORE
Aggregator head to fight for clawback reform
by Charbel Kadib • 5 Sep 2019
The head of a major aggregator has said he will lobby for changes to “unfair” clawback arrangements, adding that... READ MORE
Damian Percy joins AFG
by Annie Kane • 5 Sep 2019
Former Adelaide Bank executive Damian Percy is to join Australian Finance Group later this month as its first GM of... READ MORE
SMEs unsure of borrowing capacity and loan documentation
by Annie Kane • 5 Sep 2019
Nearly half of SMEs want to borrow money in the next year but are uncertain of their borrowing capacity and correct... READ MORE
ASIC takes banks to court over ‘unfair’ loan terms
by Annie Kane • 4 Sep 2019
The financial services regulator has commenced proceedings against Bank of Queensland Ltd and Bendigo and Adelaide... READ MORE
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