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Westpac announces executive retirement, reshuffle
30 September 2020
Westpac announces executive retirement

The interim CEO of the bank’s institutional arm has announced his retirement, while the bank has made an internal appointment to the role of group treasurer.

NAB sets up ‘bug bounty’ cyber program
30 September 2020
NAB sets up ‘bug bounty’ cyber program

The major bank has partnered with a crowdsourced security company to establish a “bug bounty” cyber security program.

Mortgage lenders welcome credit changes
29 September 2020
Mortgage lenders welcome credit changes

Banks have welcomed the government’s proposed changes to the Credit Act, outlining that the change will “speed up the flow of credit” to Australian borrowers.

La Trobe Financial prices $500m RMBS
29 September 2020
La Trobe Financial prices $500m RMBS

The non-bank lender has completed its second RMBS transaction for 2020, with the underlying mortgage pool differing from the usual issuance.

LATEST PODCAST: Responsibilities and responsible lending
28 September 2020
LATEST PODCAST: Responsibilities and responsible lending

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

Proposed lending overhaul triggers backlash
28 September 2020
Proposed lending overhaul triggers backlash

Consumer groups have blasted the federal government’s proposal to remove responsible lending laws from the NCCP, claiming the move has “disaster written all over it”. 

Government to axe responsible lending laws
25 September 2020
Government to axe responsible lending laws

The federal government has unveiled a plan to overhaul responsible lending laws by shifting from a “lender beware” model to a “borrower responsibility” model and stripping ASIC of its ...

Lender employs PwC fraud prevention software
25 September 2020
Lender employs PwC fraud prevention software

Symple Loans has partnered with PwC Australia to implement a solution to prevent loan application fraud.

Westpac agrees to pay historic $1.3bn penalty
24 September 2020
Westpac agrees to pay historic $1.3bn penalty

The major bank has reached a settlement with AUSTRAC to pay a record $1.3 billion penalty for over 23 million breaches of anti-money laundering and counter-terrorism financing laws.

Mutual lender announces $300m partnership with neo-lender
24 September 2020
Mutual lender announces $300m partnership with neo-lender

A mutual lender has signed a deal with a fintech lender to provide them with an initial $300 million in home loan funding.