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LATEST PODCAST: Responsible lending and the recession

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: Responsible lending and the recession
ANZ CEO laments responsible lending quagmire

Lenders are “stuck in the middle”, navigating conflicting interpretations of responsible lending obligations that have suppressed risk appetites, according to ANZ CEO Shayne Elliott.

ANZ CEO laments responsible lending quagmire
Senate committee refrains from screen-scraping ban

The Select Committee on Financial Technology and Regulatory Technology has refrained from recommending a ban on screen scraping, after holding an inquiry into fintech and regtech.

Senate committee refrains from screen-scraping ban
NAB lifts LVR cap for investor IO lending

The major bank has increased its risk appetite for investors with interest-only repayment terms.

NAB lifts LVR cap for investor IO lending
Lender offers Vic SMEs 10-month hiatus

HomeSec Business Finance is offering up to 10 months of no repayments to Victoria-based SMEs, given the ongoing lockdown and movement restrictions.

Lender offers Vic SMEs 10-month hiatus
Lender commits $1m to financial inclusion initiatives

CUA has released a new financial inclusion plan that includes more than $1 million in community investment to address vulnerability.

Lender commits $1m to financial inclusion initiatives
Customer-owned lender hires transformation officer

P&N Group has appointed its first chief transformation officer to the executive team as the customer-owned lender grows its reach.

Customer-owned lender hires transformation officer
Big 4 diverge following COVID-induced lending boost

Two of the big four banks have reported sharp contractions in their mortgage portfolios, in contrast to their peers who have built on recent momentum, new APRA data has revealed.

Big four
NAB to sell MLC for $1.5bn

The major bank has agreed to sell MLC Wealth to IOOF Holdings for $1.44 billion, subject to regulatory approvals and conditions being met.

NAB to sell MLC for $1.5bn
BNK profits bolstered by multichannel lending growth

An increase in settlements via both its direct and third-party businesses has contributed to a 47 per cent increase in the group’s earnings.

BNK profits bolstered by multichannel lending growth
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