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Economy

73% of Aussies unaware of their credit score

Almost three-quarters of Australians do not know their credit score, according to a new survey conducted by Finder.

73% of Aussies unaware of their credit score
Length of housing slump approaching historical levels

The downturn in national home values is two months away from becoming the longest correction in history, according to a CoreLogic analysis.

Suburbs
Wholesale funder lifts rates as out-of-cycle hikes continue

A mortgage funder has succumbed to funding cost pressures, hiking variable mortgage rates by up to 15 basis points for both new and existing home loan customers.

Money and percentage
Banking royal commission impacting stress and job security

More than a quarter of financial service workers in Australia find their job “extremely stressful” and are less confident of their job security, new research has found.

Courtroom
LandMark White CEO resigns following data breach

The CEO of the ASX-listed property valuations company has resigned in lieu of “major reputational” damage caused by a cyber attack that exposed the private data of financial services ...

Chris Coonan
Prospa surpasses $1bn in loan originations

The SME lender has announced that it has provided more than $1 billion in loans to over 19,000 SMEs in Australia and New Zealand. 

Coins stack
Banks on track with remuneration reform: Sedgwick

The banking industry is on track to meet its deadline to implement changes to how “tellers and sellers” are remunerated, an independent report commissioned by the ABA has concluded.

Westpac, CBA, ANZ, NAB
AMP ‘surrenders’ fees-for-no-service documents

The wealth giant has caved to requests from Australia’s corporate watchdog to hand over documents relating to fees-for-no-service breaches.

AMP
A third of couples not financially healthy, study finds

More than a third of committed couples in Australia are not in financially healthy positions, according to a new study.

mortgagebusiness
Slowing credit growth ‘credit negative’ for banks

Housing credit growth has dropped “close to a historical low” at 4.4. per cent, impacting banks’ earnings growth and resulting in a “credit negative”, according to Moody’s Investors ...

mortgagebusiness
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