Economy

The federal government has committed to injecting the ACCC with an additional $35 million in funding, designed to enhance its oversight of anti-competitive behaviour.

The financial services regulator has issued a warning regarding a scam that impersonates ASIC and calls on members of the public to submit a form of identification or proof of address.

A major broking franchise has revised its revenue forecast for the 2019 financial year as a result of an expected 10 per cent fall in home loan settlements.  

The CEO of a marketplace lender has suggested that while comprehensive credit reporting will benefit the finance industry, it will likely impact mortgage processing the “least”.

The major bank has confirmed it has been appointed as one of two providers of core-banking services for the NSW government.

The group executive of a big four bank’s Australian division has resigned from his role.  

Australians increasingly favour “freedom” and “flexibility” over the traditional dream of homeownership, according to new research.

Pricing for mortgages is “opaque” and the cost and effort needed to search for discounts is “unnecessarily high”, the ACCC’s Residential Mortgage Price Inquiry has found.

The downward trend in home loan approvals reversed in October, but the spike is set to be short-lived, according to analysts.

The Customer-Owned Banking Association has welcomed the Coalition government’s joint party-room approval of legislation designed to reduce regulatory barriers for customer-owned lenders