Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

Non-bank updates lending policy

by Reporter • 2 Apr 2019
A non-bank lender has announced updates to its serviceability assessment criteria, including changes to requirements... READ MORE
chris bowen shadow treasurer alp change to negative gearing capital gains tax mini surge housing market

Labor announcement to spark ‘mini surge’ in housing market
by Charbel Kadib • 1 Apr 2019
The federal Labor opposition has revealed the commencement date for its changes to negative gearing and the capital... READ MORE

Profile: Damian Percy reflects on his legacy

by Annie Kane • 1 Apr 2019
After nearly 20 years with the Bendigo and Adelaide Bank Group, Damian Percy, the former head of strategic... READ MORE
Macquarie

Fixed mortgage rate cuts continue

by Reporter • 1 Apr 2019
Macquarie Bank, ME, and HomeStart Finance are the latest lenders to reprice their fixed rate home loan offerings,... READ MORE

ASIC to recover $5.6m from credit intermediaries
by Annie Kane • 1 Apr 2019
Credit intermediaries — such as brokers an aggregators — will need to cover more than $5 million of ASIC’s costs... READ MORE

Aggregator enters joint operation agreement with iSelect
by Annie Kane • 29 Mar 2019
A major aggregator has entered into a joint operation agreement with comparison website iSelect, which aims to benefit... READ MORE

Industry heads reiterate warning of changing remuneration
by Annie Kane • 29 Mar 2019
A panel of representatives from the mortgage and broking industry has noted the complex task of changing broker... READ MORE
ANZ

Introducer program ‘halved’, ANZ reveals
by Charbel Kadib • 29 Mar 2019
ANZ CEO Shayne Elliott has revealed that the major bank has halved its network of introducers but has no immediate... READ MORE
Homestart

Lender adopts ‘stricter’ compliance guidelines

by Reporter • 29 Mar 2019
A South Australian-based lender has announced that it will launch a new compliance model designed to ensure that... READ MORE

Trail book scammer jailed
by Annie Kane • 28 Mar 2019
A former banker and mortgage broker has been sentenced to five years in prison for 16 counts of financial deception,... READ MORE
Shayne Elliot

ANZ CEO backs market solution to commission debate
by Charbel Kadib • 28 Mar 2019
The market can “resolve” the ongoing broker remuneration dispute without government intervention, ANZ CEO Shayne... READ MORE

Brokers would not ‘thrive’ under advice model: NAB
by Annie Kane • 27 Mar 2019
The interim CEO of a major bank has told the House of Representatives that the mortgage broking industry is “not... READ MORE

SME lender appoints new MD
by Annie Kane • 27 Mar 2019
Fintech business lender Spotcap has announced that it has appointed a new MD for Australia and New Zealand to replace... READ MORE
ING

ING reprices home loan offerings
by Charbel Kadib • 27 Mar 2019
The non-major bank has announced fresh mortgage rate changes, less than two months after hiking its rates by 15 basis... READ MORE
ANZ

Major bank raises rates on lines of credit
by Annie Kane • 27 Mar 2019
A big four bank has raised interest rates on lines of credit by 45 basis points, raising concerns from some brokers... READ MORE

Investors would suffer if remuneration changes, warns buyer’s agent
by Ezekiel MacNevin • 27 Mar 2019
Banning trailing commissions and upfront payments would diminish competition in the mortgage market and damage the... READ MORE
chris bowen shadow treasurer banking royal commission removing trail commission payments

Shadow treasurer says government has ‘got it wrong’ on trail
by Annie Kane • 26 Mar 2019
In a clear stance on Labor’s trail position, Chris Bowen MP has said that the government’s response to the banking... READ MORE
westpac commonwealth bank nab anz bank logo big four banks introducer program cease paying

Major banks provide update on introducer programs
by Annie Kane • 26 Mar 2019
Following NAB’s announcement that it would cease paying introducers from October this year, The Adviser asked the... READ MORE

Bank’s remediation work hits cash earnings
by and Adrian Flores • 26 Mar 2019
Westpac’s cash earnings for the first half of 2019 will be reduced by an estimated $260 million as the bank continues... READ MORE
don koch board of director bnk banking corporation former ing ceo

New banking group appoints former ING CEO to board
by Reporter • 26 Mar 2019
A former CEO of ING Bank, Don Koch, has been appointed to the board of directors of the BNK Banking Corporation,... READ MORE
nab logo building cease paying referral payment introducer payments

Major bank to end introducer payments
by Annie Kane • 25 Mar 2019
A big four bank has committed to cease paying referral payments to introducers in a bid to be “simpler and more... READ MORE

Mortgage broker legal fund set to be established
by Annie Kane • 25 Mar 2019
Brokers are being asked to submit expressions of interest in whether they would support the establishment of a national... READ MORE
ASIC

AFS licences revoked after firms failed to join AFCA
by Reporter • 25 Mar 2019
The corporate regulator has cancelled the financial services licences of two firms for failing to obtain an AFCA... READ MORE
Siobhan Hayden

Hayne’s remuneration recommendations ‘contradictory’
by Tas Bindi • 25 Mar 2019
The royal commission’s final recommendations on the remuneration of brokers and bank executives are... READ MORE

Near-prime the ‘fastest-growing sector’ of lending
by Annie Kane • 22 Mar 2019
The lending landscape has changed dramatically over the past year, with near-prime lending becoming the fastest-growing... READ MORE