Economy

Sep 20 2018

Australians with black marks on their credit report would not have to continue being disadvantaged due to past financial hardships under the new mandatory CCR regime, a credit reporting ...

Sep 20 2018

Home loan delinquencies underlying Australia’s residential mortgages are 21 basis points higher year-on-year, and are likely to increase following out-of-cycle interest rate hikes, according ...

Sep 19 2018

It is incumbent upon home loan assessors to assume that a credit card holder has the capacity to meet full financial repayments within a “reasonable period” of three years, according to a ...

Sep 18 2018

A major law firm has confirmed that it is mounting multiple court proceedings against the major banks for failing to make reasonable inquiries and verifications about their customers’ ...

Sep 18 2018

Prospective home buyers have been “locked out” of the property market off the back of “alarming” price growth, with over a third of Australians unable to afford their own home at its current ...

Sep 17 2018

A big four bank has reshuffled its leadership team, announcing that former NSW Premier Mike Baird is to head up retail banking and broker partnerships, among other changes.

Sep 17 2018

A major bank has denied wrongdoing after the corporate regulator announced that it has commenced civil penalty proceedings against the bank for alleged contraventions of the Corporations Act

Sep 17 2018

Despite their disproportionate market share compared to smaller lenders, the big four banks offer the lowest-value home loans, according to a new report.

Sep 17 2018

The impact of the recent decline in credit demand could have broader ramifications on the Australian economy, rather than just affecting property prices, according to CoreLogic.