Lender

AMP has announced the appointment of Scott Hartley as CEO of AMP Australia, effective 11 January 2021.

The federal opposition has argued that the removal of responsible lending obligations could instigate another round of predatory lending amid the introduction of the bill into Parliament.

More than half of all borrowers do not know how much interest they pay on their home loan, according to a survey.

New residential mortgage lending across ADIs has increased by almost 19 per cent in the September quarter compared with last year, according to new data.

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

Crowd Bank, a Japanese crowdfunding platform, has entered into the Australian market after becoming an investor in marketplace lender Zagga.

The non-bank lender has reduced variable interest rates on its Prime Alt Doc product in a bid to assist self-employed borrowers in their recovery post-COVID-19.

Westpac has announced that it will sell its general insurance business for $725 million as it looks to simplify its operations.

The major bank will develop an integrated remediation plan on all activities related to risk governance and report to APRA each quarter as part of its court enforceable undertaking.

The central bank governor has voiced his support for the proposal to scrap responsible lending laws “in the spirit of reducing unnecessary regulatory burden”.