Breaking News

Failed

PC has ‘overlooked’ important broker work
by 2018-03-26 16:56:00 • 26 Mar 2018
A Perth-based brokerage says that the Productivity Commission has failed to recognise that brokers educate their... READ MORE
Regional bank announces MD replacement

Regional bank announces MD replacement
by Reporter • 26 Mar 2018
A lender has announced a replacement for its long-serving managing director. READ MORE
IO loan demand falls 20% in 12 months

IO loan demand falls by 20% in 12 months
by Reporter • 26 Mar 2018
Brokers are writing significantly fewer interest-only loans as borrower demand plummets, new data from Mortgage Choice... READ MORE
Training course, brokers, running

Brokerage invites PC and regulators to broker training
by Reporter • 26 Mar 2018
Home Loan Experts has extended an “open invitation” to the Productivity Commission, ASIC and APRA to its mortgage... READ MORE
Choice adds new lender to panel

Choice adds new lender to its panel
by Reporter • 26 Mar 2018
Choice Aggregation Services has announced that it has added a non-bank lender to its panel. READ MORE
Loan application

Major aggregator tracking broker risk patterns
by James Mitchell • 23 Mar 2018
Vow Financial is ramping up its compliance processes by monitoring granular data of loan applications to identify poor... READ MORE

Xinja co-founder calls for increased broker disclosure
by Reporter • 23 Mar 2018
The co-founder of the newly licensed neo-bank has called for increased disclosure from mortgage brokers regarding... READ MORE
NAB

‘No evidence’ that brokers limit switching: NAB
by Reporter • 23 Mar 2018
Broker-originated loans are refinanced at “more than double” the rate of direct-channel loans, the major bank... READ MORE
Fees, money, cash, Australian dollars

Fees for service would only benefit major banks: AFG
by Reporter • 23 Mar 2018
Introducing fees for service would cause a “major disruption” in the finance industry, be a “clear... READ MORE

PC ‘has erred’ in its approach to brokers: FBAA
by Reporter • 23 Mar 2018
The Finance Brokers Association of Australia has told the Productivity Commission that it “has erred in its approach... READ MORE
Boxing, hit, fight, smash

MFAA hits back at trail and fee-for-service claims
by Reporter • 22 Mar 2018
The association has told the Productivity Commission that it has “serious concerns” with a statutory best interests... READ MORE

Commissioner suggests trail could be paid to borrowers
by Reporter • 22 Mar 2018
The chairman of the Productivity Commission has restated his concern regarding the payment of trail commission, warning... READ MORE

2 new categories for Australian Broking Awards announced
by Reporter • 22 Mar 2018
In recognition of the importance of nurturing new talent in the broking industry, two new awards have been created for... READ MORE
CBA, Commonwealth Bank of Australia

CBA calls for more IO justification
by Reporter • 21 Mar 2018
The Commonwealth Bank of Australia has made updates to its broker process when customers choose interest-only... READ MORE
APRA

APRA curbs had ‘significant impacts’ on broker relations
by Staff Reporter • 21 Mar 2018
Australia’s mutual banks have argued that macro-prudential measures have created reputation and trust issues and... READ MORE
anz logo building people walking anz mortgage remediation not good enough financial services royal commission decade to refund

ANZ admits mortgage remediation was ‘not good enough’
by Reporter • 21 Mar 2018
The financial services royal commission has placed ANZ’s remediation program under intense scrutiny, after the bank... READ MORE
Association slams royal commission reporting

Association slams royal commission reporting
by Reporter • 21 Mar 2018
The Finance Brokers Association of Australia has called out mainstream media reports on brokers, which it states are... READ MORE

Major banks under the microscope
by Reporter • 21 Mar 2018
What do you think of the major banks? Momentum Intelligence, in partnership with The Adviser, is calling on brokers to... READ MORE
Tim Brown

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. READ MORE
ANZ accused of non-compliance with NCCP

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,... READ MORE
NAB

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... READ MORE
‘build and strengthen’ leadership

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... READ MORE
Aussie under fire over broker commissions

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... READ MORE
ANZ

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... READ MORE
Glenn Gibson

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. READ MORE