Lender

A class action lawsuit has been filed in the Federal Court against the Commonwealth Bank, which has been accused of breaching its best interests duty obligations.

Melbourne has continued to see lower levels of auction activity and higher withdrawal rates amid the lockdown, while Sydney auction volumes have trended higher.

The big four bank has entered into an agreement to sell its asset finance subsidiary, which manages approximately $500 million in customer loans.

Regtech solutions that help lenders and brokers more efficiently assess credit files and risk profiles have “the potential to improve performance across the lending industry”, the financial ...

The Commonwealth and NSW governments have partnered to launch a pilot program to “fast-track” the construction of community housing through the provision of low-cost credit.

The economic fallout from the COVID-19 crisis will present the market with new opportunities to evolve and meet the changing needs of consumers, ANZ CEO Shayne Elliott has said.

The open banking regime could enable banks to create data-driven products and services instead of the riskier mortgage offering, according to a mutual bank.

The major bank has revealed that almost 60,000 home loan deferral customers have resumed repayments following a three-month check-in.

Online home loan auction platform Joust will extend one of its services nationally to brokers and lenders of all sizes.

Promoted by Wisr Wisr has been delivering exceptional experiences for brokers since 2015 and is adding a secured vehicle loan to its consumer finance product suite, alongside its ...