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Breaking News
Tim Brown resurfaces at innovation group
by Staff Reporter • 20 Mar 2018
Former Vow boss Tim Brown has landed a position as head of financial services markets at Australian tech group Lakeba.
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ANZ accused of non-compliance with NCCP
by Reporter • 20 Mar 2018
The financial services royal commission has suggested that ANZ is “non-compliant with the National Credit Act,...
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NAB to host Digital PD Day
by Reporter • 19 Mar 2018
The big four bank has invited brokers to tune into its inaugural Digital Professional Development Day, a...
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New ASIC role aims to ‘build and strengthen’ leadership
by Reporter • 19 Mar 2018
The Minister for Revenue and Financial Services has announced that the government will create a new deputy chairperson...
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Aussie under fire over broker commissions
by Reporter • 19 Mar 2018
The royal commission has further interrogated Aussie Home Loans over broker misconduct, this time placing commissions...
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Major bank to suspend asset finance lending
by James Mitchell • 16 Mar 2018
A big four bank has announced that it will suspend providing new secured asset finance loans to retail customers in...
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Ex-banker to replace Rasby at YBR
by Staff Reporter • 16 Mar 2018
A former AMP Bank executive has been appointed as general manager of Yellow Brick Road.
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FBAA determined to carry torch for broking industry
by Reporter • 16 Mar 2018
The head of the industry association has reassured brokers that public perception of the sector is still positive...
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Regulator warns SMEs to check bank loan contracts
by Adam Zuchetti • 16 Mar 2018
Small businesses with loans of up to $1 million are being urged to check their contracts, as the banking regulator...
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Non-major announces third-party leadership changes
by Staff Reporter • 16 Mar 2018
A regional bank has today announced a new leadership position within its third-party banking business.
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Royal commission unveils Aussie broker fraud
by Reporter • 16 Mar 2018
An Aussie Home Loans broker had his contract terminated for submitting fraudulent documentation for a loan...
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Leading brokers in WA honoured
by Reporter • 16 Mar 2018
The best brokers, BDMs and administrators in Western Australia have been honoured at The Adviser’s Better Business...
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Home loan demand falls two months in a row
by Staff Writer • 15 Mar 2018
Demand for home loans dropped again in January, according to new data from the Australian Bureau of Statistics.
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Broker slams CBA during commission hearing
by Reporter • 15 Mar 2018
The contents of a chain of email communications between a mortgage broker and the Commonwealth Bank have been disclosed...
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Major bank concedes brokers were ‘bypassing’ mortgage controls
by James Mitchell • 15 Mar 2018
A big four bank has faced another round of questioning before the royal commission over customer expenses, the broker...
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Taxing property investors ‘not the answer’, says HIA
by Sasha Karen • 14 Mar 2018
Figures from the property industry have argued that taxing investors is not the answer to Australia’s housing...
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ASIC extends exemption for credit hardship arrangements
by Staff Reporter • 14 Mar 2018
The corporate watchdog has issued Credit (Amendment) Instrument 2018/114, which amends Class Order 14/41 as it applies...
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RBA highlights competition in mortgage market
by Reporter • 14 Mar 2018
Strong growth in the issuance of residential mortgages has been driven by non-major and non-bank lenders, according to...
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Royal commission reveals allegations of bribery at NAB
by Reporter • 14 Mar 2018
Several NAB employees were allegedly “bribed” by third-party introducers, the Royal Commission into Misconduct in...
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CBA outlines Aussie ‘misconduct’
by Reporter • 14 Mar 2018
Commonwealth Bank has outlined instances of alleged “misconduct” identified by its wholly owned subsidiary, Aussie...
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‘Australia-first’ AI-driven living expenses engine launches
by Reporter • 14 Mar 2018
A new artificial intelligence-based expenses verification engine has been launched for brokers and lenders to ensure...
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ASIC permanently bans mortgage broker - 2018
by Reporter • 13 Mar 2018
The financial services regulator has permanently banned a Victorian-based mortgage broker and removed his Australian...
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Consumer confusion greater than ever before
by Reporter • 13 Mar 2018
Brokers are well placed to support clients confused by the wave of changes introduced by banks and regulators,...
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Broker urges MFAA, FBAA to ‘stand up’ to scrutiny
by James Mitchell • 12 Mar 2018
A top mortgage broker has expressed his frustration with the level of scrutiny and negative news plaguing the...
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First home buyers undeterred by rising mortgage pressures
by Reporter • 12 Mar 2018
First home buyers have been active in the property market, despite a rise in mortgage repayments in proportion to...
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