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ANZ CEO dismisses UBS ‘liar loans’ report

Major bank boss Shayne Elliott has explained to a parliamentary committee why the findings of a recent UBS report are not a true reflection of the quality of the bank’s lending processes

mortgagebusiness
Lenders enter EU with ASIC over NCCP issues

Two Australian payday lenders have entered into an enforceable undertaking (EU) with ASIC to cease using a certain loan, following concerns that the product may not have complied with credit ...

mortgagebusiness
The year in credit: An update from ASIC

It's no secret that 2017 has been a big year for credit regulation in Australia. The Australian government, ASIC and the other financial regulators are all actively working to improve credit ...

Michael Saadat, ASIC
Business conditions ‘rock solid’ but challenges remain ahead: NAB

The latest NAB Monthly Business Survey shows that the construction industry is driving positive conditions for Australian business, leaving the economy on solid ground to combat looming ...

mortgagebusiness
CBA shareholders file Federal Court class action

Law firm Maurice Blackburn and litigation funder IMF Bentham have filed an open class action for shareholders of the Commonwealth Bank of Australia regarding the drop in the bank’s share ...

mortgagebusiness
Westpac, ANZ face tough questions over mortgage pricing

The two major banks will return to Canberra this week to face another round of intense questioning from a parliamentary committee.

mortgagebusiness
Home values on the rise again across most capital cities

Home values increased in all but two capital cities last week, with only Sydney and Adelaide recording falls, according to the latest CoreLogic data.

mortgagebusiness
Former CBA adviser banned for forgery

ASIC has banned former Commonwealth Financial Planning and Financial Wisdom adviser Koresh Daniel Houghton for “deceptive and dishonest conduct” after surveillance found he had falsified ...

mortgagebusiness
Student lender eyes mortgages as SoFi readies for launch

Melbourne-based start-up Study Loans has taken a leaf out of US lender SoFi’s playbook as it plans to securitise student loans and potentially break into the domestic mortgage market.

mortgagebusiness
Pepper leaders have big plans for little lender

They led Pepper for close to a decade. Now Patrick Tuttle and David Holmes have their sights set on “industrialising” the SME lender they acquired last week.

mortgagebusiness
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