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AFCA pre-expulsion letters cause alarm
by Annie Kane • 5 Nov 2021
Brokers have raised concerns after receiving notices from AFCA suggesting they could be expelled due to unpaid fees,...READ MORE

7/10 brokers unconvinced buffer changes will cool housing market
by • 4 Nov 2021
The majority of brokers remain doubtful that APRA’s buffer rate change will accomplish its intended effect, according... READ MORE

Volt Bank becomes latest CDR data recipient
by Annie Kane • 3 Nov 2021
The neobank has become an accredited data recipient under the Consumer Data Right, the sixth bank to gain approval... READ MORE

RBA calls November cash rate
by Sarah Simpkins • 2 Nov 2021
The Reserve Bank has confirmed its rate decision for November, as talk of a faster-than-expected rise has fired... READ MORE

ASIC slaps Ferratum Australia with lawsuit
by Sarah Simpkins • 1 Nov 2021
The regulator has commenced a civil lawsuit against the personal lender, for allegedly hitting customers with... READ MORE

Government introduces compensation scheme legislation
by Malavika Santhebennur • 1 Nov 2021
The government has introduced legislation that represents the final tranche to implement recommendations made by the... READ MORE

Major bank pleads guilty for mis-selling credit insurance
by Malavika Santhebennur • 29 Oct 2021
A major bank has pleaded guilty to several criminal charges of making false or misleading representations to 165... READ MORE

Government moves to make electronic signatures permanent

by Annie Kane • 22 Oct 2021
The federal Treasurer has introduced to Parliament a bill to make permanent the reforms allowing companies to use... READ MORE

Unvaccinated Victorian brokers may risk fines if they work outside of...
by Annie Kane • 15 Oct 2021
Starting today (15 October), unvaccinated brokers across Victoria could be hit with fines of over $21,000 – or... READ MORE

Broker-focused SME Recovery Loan product launches
by • 14 Oct 2021
Brokers, planners and property managers will be able to access a suite of loan products tailored for their professions... READ MORE

Privacy issues raised regarding CDR extension
by • 11 Oct 2021
The Treasury has published an analysis into the Consumer Data Right amendments, which warn of potential shortcomings in... READ MORE

Association heads flag downside risks of buffer changes
by Annie Kane • 6 Oct 2021
The two mortgage broker associations have flagged potential risks of increasing serviceability buffers, including... READ MORE

Banks to raise serviceability buffers
by Annie Kane • 6 Oct 2021

Banks will have to increase their serviceability buffers after being advised to do so by APRA.

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Brokers to access CDR data
by Sarah Simpkins • 6 Oct 2021
The government has made changes to the open banking regime, including opening up consumer data to mortgage... READ MORE

RBA declares October cash rate
by Sarah Simpkins • 5 Oct 2021

The Reserve Bank has confirmed its cash rate decision for October, amid increasing talks of lending curbs. 

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‘Minimal change’ to ALI offering under deferred sales regime
by Annie Kane • 1 Oct 2021
The protection plans offered by brokers and aggregators through ALI Group are exempt from the incoming deferred sales... READ MORE

SME lending likely to be regulated, suggest lenders
by • 29 Sep 2021
The chief executive of Pepper Money and a relationships MD at Judo Bank expect the SME lending space to soon be... READ MORE

Lenders begin releasing ‘target markets’ for loans
by Annie Kane • 28 Sep 2021
Target market determinations for mortgage products are starting to be released by lenders, ahead of the new laws coming... READ MORE

Concerns flagged over housing supply shortage
by Malavika Santhebennur • 28 Sep 2021
A property body has raised housing affordability concerns in NSW after data showed a decline in the number of new homes... READ MORE

ANZ customers sent $77m to scammers, reveals CEO
by • 27 Sep 2021
The chief executive of the major bank has informed MPs that increasing cyber attacks, and challenges in reporting... READ MORE

34% of Australians know someone who has lost $150k in a scam
by • 23 Sep 2021
The ABA has launched a new campaign highlighting the growing threat of scams, after finding that one in three... READ MORE

Climate change threatens property values: RBA
by Sarah Simpkins • 22 Sep 2021
A number of regions could see a material decline in housing prices due to physical risk from climate change, according... READ MORE

Stamp duty, supply blocking housing affordability: REA
by Sarah Simpkins • 21 Sep 2021
Reforming stamp duty, increasing housing supply and further extending home-buyer assistance would help housing... READ MORE

Major bank apologises for ‘unacceptable’ CCI conduct
by Annie Kane • 16 Sep 2021
A big four bank has apologised to customers affected by “unacceptable” conduct in former CCI sales, which are now... READ MORE

Ex-finance broker sentenced on loan fraud
by Malavika Santhebennur • 16 Sep 2021

A former broker has been sentenced after pleading guilty to charges of fraud and giving false information.

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Liberty backs new SME bank
by • 10 Sep 2021
A new bank targeting small businesses, backed by Liberty Financial Group, is set to launch after receiving a restricted... READ MORE

Guidance on new breach reporting regime released
by Annie Kane • 8 Sep 2021
The steps brokers will need to take to comply with the incoming breach reporting regime have been outlined by ASIC in... READ MORE

RBA declares September cash rate
by Sarah Simpkins • 7 Sep 2021

The Reserve Bank has revealed its cash decision for September, amid ongoing lockdowns across the country.

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AUSTRAC flags broker fraud among banking risks
by Sarah Simpkins • 7 Sep 2021
The regulator has warned the banks they have high exposure to criminal activity, while reporting cases of... READ MORE

Brokers urged to prepare for new laws
by Malavika Santhebennur • 3 Sep 2021
Brokers have been advised to understand what actions they need to take when the “next wave” of regulatory changes... READ MORE
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