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Moody’s endorses credit card lending reform

The ratings agency has endorsed a proposal by ASIC to impose credit card lending limits designed to reduce debt risks and improve lending standards.

Moody’s endorses credit card lending reform
CBA to pay $20m for ‘attempting’ to affect BBSW

The Commonwealth Bank of Australia has agreed to pay $15 million to the benefit of the community and $5 million in legal costs for “ attempting to engage in unconscionable conduct” in ...

CBA to pay $20m for ‘attempting’ to affect BBSW
Lending crackdown and further curbs to cap property prices

Increased lending restrictions and higher interest rates have been the catalysts of change in local investor sentiment and are set to cap housing price growth nationwide, according to a new ...

lending, mortgage market, property prices, lending restrictions, housing price growth
NAB provides $50m funding facility to SME lender

NAB has set up a $50 million special purpose vehicle with SME lender GetCapital to help fund more loans to small business.

NAB provides $50m funding facility to SME lender
CCR and risk-based pricing posing problems for lenders

A Deloitte partner has warned that comprehensive credit reporting and open banking could have broader implications for higher-risk customers and the strategic options for those that lend to ...

mortgagebusiness
LATEST PODCAST: Broker commission changes, changes to low doc lending and the Deloitte mortgage report 2018

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

LATEST PODCAST: Broker commission changes, changes to low doc lending and the Deloitte mortgage report 2018
New findings of alleged ANZ misconduct

The counsel assisting the financial services royal commission has alleged that ANZ may have engaged in eight instances of misconduct and several instances of conduct falling below community ...

New findings of alleged ANZ misconduct
ANZ admits dealings with Indigenous customer were ‘not good enough’

One of the latest cases to be heard in the banking royal commission is that of an Indigenous Australian customer who was charged fees she could not afford for an ANZ bank account she had not ...

mortgagebusiness
Lender sees personal loan originations double

A marketplace lender has seen personal loan originations double in the second half of the financial year as it broadens its reach across the broker channel.

mortgagebusiness
Mortgage heavyweights reveal biggest fears for home lending

Prudential policy decisions, a 50 per cent hike in servicing costs, a falling property market and “cherry-picking” clients are some of the main concerns for the mortgage industry’s decision ...

mortgage, falling property market
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