Lender

Senate hearings into the repeal of responsible lending laws began on Friday, with concerns raised over the ramifications of removing ASIC’s oversight.

The Tasmanian lender has reported growth in applications and settlements in the six months to December 2020, reflecting a continuing market trend.

The non-major bank has announced that it is working with EY to develop its open banking platform.

Growth in home lending continues to pick up pace at the big four banks, with the latest stats showing a boom in applications and settlements across the board.

The director and chair of the Iress board is to step down later this year, with technology specialist Roger Sharp set to take up the position.

Digital lending and payments fintech WLTH has opened a $5-million seed funding round to grow its technology platforms and reach its lending goals.

The challenger bank for small and medium-sized businesses has completed settlement of its $284-million Round 4 capital raise, welcoming six new investors, including UniSuper.

Mortgage applications surged in the December quarter amid a slump in consumer credit applications, with WA the standout, according to data.

Envestnet | Yodlee has launched a new product that provides a real-time financial picture of a borrower in the hopes of helping lenders make “educated lending decisions”.

Auction clearance rates continued to climb last week, despite Melbourne being in lockdown, new figures show.