Lender

Customer-owned banking institutions will need to apply more stringent measures to ensure vulnerable customers are identified and supported. 

Open banking and the consumer data right have been in effect in Australia for years, but only starting to feed through into mortgages now. We find out how the new regime will impact ...

More healthcare professionals will qualify for Westpac’s Lenders Mortgage Insurance Waiver, following an expansion to its policy.

Nearly 58 per cent of loans funded by banks are originated by the third-party channel, according to APRA statistics.

Banks will need to include buy now, pay later and higher education debts when reporting debt-to-income ratios to the regulator from September, APRA has said.

While supply chain issues and insolvency risks have eaten away at banks’ appetites for construction lending, non-bank lenders are expected to fill the gap.

There has been a significant uptick in customers switching lenders, with refinance volumes across states being as much as 26.7 per cent higher over May.

After the big four lifted rates by 50 bps, several non-majors have followed suit hiking rates on both mortgages and savings.

The banking group has named two executives to oversee its commodities and environmental markets as it aims to expand its sustainability strategy.

Bank Australia has announced it will provide discounts on newer homes with an energy rating of more than 7.5 stars, as interest rate hikes sting borrowers.