Economy

Representatives of a fintech lender have told ASIC that borrowers are “consistently understating” their living expenses, and have questioned the effectiveness of the HEM benchmark in ...

The Federal Court has ruled in favour of Westpac in a responsible lending “test case” against the corporate regulator. 

There has been an overall decline in financial comfort levels in the six months to June 2019, with mortgagors particularly concerned with net wealth standings, according to a new survey.

Reserve Bank governor Philip Lowe has conceded that “while we might wish it were otherwise”, Australia’s monetary policy trajectory is pinned to global rate trends.

The global fintech has announced the opening of its new office in Melbourne, after a period of “rapid growth” in Australia.

The non-major is looking to capture a larger share of the revenue pool in the banking space, after it reported a 9 per cent decline in its underlying profit, partly offset by a mortgage ...

The Reserve Bank has signalled that it remains open to further cuts to the cash rate, but according to analysts, the central bank will hold off on further cuts for the time being.

SME lender Prospa has established a NZ$45-million funding facility, its first warehouse facility set up specifically to fund small business loans in New Zealand.

ABS data from June has reported an overall increase in lending values, driven by owner-occupiers and first home buyers.

New research has suggested that Australians are more in the know about their home loan rates, but more can be done to improve financial literacy.