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Economy

Consultation launches on draft Consumer Data Right

The draft legislation that is expected to underpin Australia’s new Consumer Data Right (CDR) has been released for public review and feedback.

mortgagebusiness
Wage growth spike not ‘meaningful’ enough to force RBA’s hand

The central bank’s cash rate outlook will not be swayed by the latest rise in the wage growth index, according to analysts.

mortgagebusiness
We’d rather sit in traffic: Aussies lax on financial data security

Australians would rather do their taxes or sit in traffic than boost their financial data security, a new survey has revealed.

sit in traffic, financial, data security, Mastercard, Australians
FHBs urged to take ‘cautious approach’ to weakening market

First home buyers could be exposing themselves to “significant risk” as they dip into the housing market in increasing numbers, according to CoreLogic’s head of research Cameron Kusher

mortgagebusiness
Australian government nominates executive director for IMF

The Australian government has revealed its nomination for the role of executive director at the International Monetary Fund.

mortgagebusiness
Non-major reports $2.2bn drop in home loan settlements

A regional bank has revealed its full-year 2018 financial results, reporting a fall in residential mortgage settlements amid “challenging” conditions.

Home loan, mortgage, loan settlements, Bendigo, Adelaide Bank
Former PM urges RC to consider ‘contribution’ of banking sector

Former prime minister John Howard has called on the financial services royal commission to “bear in mind the stability and contribution” of the banking sector before making its determination

Former prime minister, John Howard
Opinion: #MeToo hits the mortgage industry

There are lessons to be learned from our American cousins after a national mortgage provider lost its discrimination case for calling older workers “dinosaurs”.

Barrister's wig, me too, mortgage industry, age discrimination, constructive discharge
Bank restructures group executive

Bendigo and Adelaide Bank has announced changes to the group’s executive structure and team, centring around three key customer groups — consumer, business and agribusiness.

Handshake, restructuring
Banks agree to fortify fraud protection systems

Five Australian lender s have agreed to improve their compliance measures and controls for deposit accounts, following an industry-wide review from the corporate watchdog.

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