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NZ DTI framework puts Aussie banks in focus
15 November 2022
NZ DTI framework puts Aussie banks in focus

New Zealand’s central bank has recently sought debt-to-income ratio loan feedback on the macroprudential policy tool.

Major banks settle CCI class action for $126m
14 November 2022
Major banks settle CCI class action for $126m

Three major banks have agreed to settle a class action relating to the sale of three consumer credit insurance products.

MAJOR WHITE-LABEL PARTNERSHIP ANNOUNCED
11 November 2022
MAJOR WHITE-LABEL PARTNERSHIP ANNOUNCED

FINSURE EXPANDS WHITE LABEL OFFERING WITH PEPPER MONEY

NAB warns mortgages growth to drop to 3% in 2023
9 November 2022
NAB warns mortgages growth to drop to 3% in 2023

The major bank is anticipating a drop in home lending growth next year but has reported home lending up 7.1 per cent end September.

Bendigo-Adelaide chides proposed ANZ-Suncorp deal
9 November 2022
Bendigo-Adelaide chides proposed ANZ-Suncorp deal

Suncorp’s sale to ANZ would add to Australia’s banking “oligopoly”, Bendigo-Adelaide Bank has declared.

Firstmac welcomes 1st female board member
9 November 2022
Firstmac welcomes 1st female board member

The non-bank lender has welcomed its first female board member to its ranks, as it farewells long-serving board member Andrew Kemp.

$10m reclaimed from scams in 1 year: Bankwest
9 November 2022
$10m reclaimed from scams in 1 year: Bankwest

The non-major bank has reportedly recovered over $10 million from scammers over the last 12 months.

Westpac loan book hits $467.6bn
8 November 2022
Westpac loan book hits $467.6bn

Westpac has recorded improved consumer and business loan books, its 2022 full year results have revealed.

Major bank found guilty of overcharging
7 November 2022
Major bank found guilty of overcharging

A big four bank engaged in “unconscionable conduct” by charging customers periodic payment fees even though it knew it was overcharging, the Federal Court has found.

‘New bank on the block’ — APRA issues RADI licence
4 November 2022
‘New bank on the block’ — APRA issues RADI licence

The regulator has granted a restricted ADI licence to a new bank for the Australian market.