Economy

Jul 17 2018

The impending Consumer Data Right could iron some of the kinks out of the home loan application process, the chair of the ACCC has suggested.

Jul 16 2018

An increasing number of Australians are obtaining home loans from non-bank lenders, bypassing higher interest rates offered by traditional lenders, new ABS data has revealed.

Jul 16 2018

Housing affordability pressures are prompting 18 per cent of Australians to consider “renting for life”, according to new research.

Jul 13 2018

The prudential regulator claims that its actions are “only one factor” impacting the supply of home loans and that credit growth has actually increased since the introduction of ...

Jul 13 2018

Australia’s impending Consumer Data Right is an “ambitious” policy and one that will pave the way for “exciting” innovations in finance and beyond, according to a fintech CTO.

Jul 12 2018

The head of the Australian banking regulator has explained how slower wage growth has meant lenders can no longer factor in steady pay rises when determining a borrower’s ability to service ...

Jul 11 2018

A group of investors have assumed a financial stake in the business and client management software provider.

Jul 10 2018

The culture, governance, remuneration practices and inadequate internal systems at some banks have led to misconduct and failed to meet community expectations, according to the counsel ...

Jul 10 2018

The non-bank lender has changed its substantial holding in an Australian bank that has partnered with a broking group and launched a new online banking platform.