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Rebound in IO lending ‘doubtful’ despite cap removal

APRA’s decision to scrap its interest-only benchmark is unlikely to persuade banks to up their intake of interest-only loans, according to AMP senior economist Shane Oliver.

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Lenders commit to credit card lending reforms

The corporate regulator has revealed the changes being made by lenders to reform their credit card lending practices.

mortgagebusiness
Lender seeks to debunk non-bank ‘myths’

The chief lending officer of a credit provider has sought to refute the “myths” associated with non-bank lending amid concerns raised by financial regulators.

Boxing gloves
Fintech invests in lending marketplace

A loans and deposits marketplace has announced that it has secured capital investment from Lakeba Group.

mortgagebusiness
High LVR lending falls to ‘record low’

The decline in the banks’ risk appetite has been highlighted by the latest statistics from APRA, with low-deposit, low-doc and interest-only lending falling sharply.  

High LVR lending falls to ‘record low’
Tighter credit stifling auction activity: ANZ Research

Stricter credit criteria imposed by the banks off the back of regulatory scrutiny has inhibited prospective home buyers from taking risks at auctions, according to ANZ Research.

mortgagebusiness
CBA’s bottom line takes additional $220m hit

The major bank has revealed that it will fork out an additional $220 million in costs associated with its mis-selling of insurance products, the demerger of its mortgage broking and wealth ...

mortgagebusiness
ACCC accuses majors of ‘synchronised’ revenue grab

APRA’s cap on interest-only lending served as a “convenient focal point” for the major banks to engage in “synchronised” mortgage pricing activity that undermined competition, the ACCC has ...

Putting money
Neo-lender looks to become bank in 2019

A new digital lender has said it expects to receive its full banking licence in the first quarter of 2019 and will launch with deposits, followed by mortgages.

mortgagebusiness
Risks of tighter lending flagged by economists

Economists have issued a warning regarding the potential ramifications of stricter lending practices on the broader market.

Money squeeze
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