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First royal commission hearing to focus on home loans

The first hearing of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will look at home lending.

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APRA ‘not declaring victory’ over mortgage lending

The prudential regulator says that while its curbs on investor and interest-only mortgages are a short-term solution, the battle for a more balanced mortgage market is not over yet.

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ANZ and Westpac refund millions to customers

The major banks will refund a total of $21.5 million to eligible credit card customers, a report from the Australian Securities and Investments Commission has revealed.

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NAB backs new payday lender

The big four bank has backed a new online cash loan platform that aims to provide borrowers with up to $2,000 in two days.

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CBA probe uncovers ‘issues’ with board influence

APRA’s inquiry into CBA’s “fall from grace” has so far revealed “issues” with the influence of the board and senior executives on the bank’s culture, and the complexity of policies and ...

mortgagebusiness
String of scandals could ‘tarnish’ new CBA boss

Banking analysts have shared their hopes and fears for the Commonwealth Bank following the surprise appointment of retail banking boss Matt Comyn as the group’s new chief executive.

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Why positive credit reporting is such a big deal for our industry

Promoted by I take a look at my credit report every year. It’s interesting.

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Liberty acquires P2P lender

Non-bank lender Liberty has acquired online marketplace lender MoneyPlace, just days after Auswide Bank divested its stake from the platform.

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ASIC commences civil penalty proceedings against CBA

On Tuesday, 30 January, ASIC commenced legal proceedings in the Federal Court in Melbourne against Australia’s largest lender for unconscionable conduct and market manipulation. 

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CBA defends new CEO hire

The major bank has defended its choice to promote its head of retail banking to the role of CEO in the midst of ongoing reviews and reputational damage, adding that it did not want to lose ...

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