Economy

The federal government is expected to address mounting headwinds in the residential property market with a new round of housing stimulus.

Fintech company Moneytree is urging the ACCC and Treasury to “reconsider” the draft rules around consumer data right data disclosures to intermediaries to prevent “unintended” consequences

The COVID-19 crisis has triggered the first monthly plunge in housing approvals, which are expected to continue falling through.

The financial institution has admitted to breaching its licensing obligations after it deposited client funds in unauthorised deposit accounts.

The banking sector has welcomed the official launch of the new open banking regime.

Nearly half of all mortgagors do not have a will, despite the purchase of property being a major trigger to organising one, according to new research.

The non-major lender has announced the appointment of a Commonwealth Bank executive as its new CEO.

The federal government has held talks with the heads of Australia’s major banks to discuss an “orderly transition” for borrowers on repayment holidays.

Westpac’s use of expense benchmarks for serviceability assessments was “far from intuitively odd”, a Federal Court Justice has said in his reasons for dismissing ASIC’s responsible lending ...

The non-major has increased its loan provisions after reassessing credit risks associated with the COVID-19 crisis.