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BOQ-ME Bank deal to create sixth largest bank

The ME Bank acquisition will widen Bank of Queensland’s customer base to more than 1 million, according to new data from Roy Morgan.

BOQ-ME Bank deal to create sixth largest bank
Wisr facility upsizes again

The personal lender has confirmed that its warehouse loan funding facility has been increased to $350 million.

Wisr facility upsizes again
Financial Services Minister takes over CDR rule making

Senator Jane Hume, Minister for Superannuation, Financial Services and the Digital Economy, has taken over from the ACCC as Consumer Data Right rule maker.

Financial Services Minister takes over CDR rule making
Mutual bank welcomes new board directors

Teachers Mutual Bank Ltd has welcomed new directors to its board and bid farewell to John Kouimanos, who has retired from the board after 40 years.

Mutual bank welcomes new board directors
Mortgage levels continue record-breaking streak

New loan commitments reached another record high in January, with new owner-occupier loans breaking the $22-billion mark for the first time.

Mortgage levels continue record-breaking streak
ING rolls out new tagline

The non-major bank has launched its new tagline in Australia as it moves to reflect its commitment to helping customers do the things that matter most to them.

ING rolls out new tagline
Treasury defends responsible lending repeal in Senate hearings

The Treasury has outlined its position on why the repeal of responsible lending is necessary, in the final day of Senate hearings for its inquiry into the matter.

Treasury defends responsible lending repeal in Senate hearings
Prospa originations recovering from COVID

The SME lender’s loan origination volumes continue to recover from its COVID trough, but originations in 1H21 were still down 41.1 per cent on the pcp.

Prospa originations recovering from COVID
Responsible lending debate heats up in Parliament

Politicians have traded blows while debating the repeal of responsible lending laws in the lower house, ahead of today’s Senate hearings.

Responsible lending debate heats up in Parliament
Resimac records strong profit as book nears $13bn

The non-bank lender reported an 88 per cent rise in profit and a 14 per cent increase in its loan book over 1H21, despite a drop in the volume of new settlements.

Resimac records strong profit as book nears $13bn
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