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ASIC penalises Westpac financier for NCCP breach

ASIC has found a Westpac-owned credit provider guilty of breaching important consumer protection provisions in the National Consumer Credit Protection Act (NCCP).

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ANZ Pacific chief announces retirement

ANZ’s chief executive for the Pacific region has decided to retire after recently developing a new business strategy for the bank.

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Senior Suncorp exec resigns

Suncorp Group CEO Michael Cameron has announced the resignation of the company’s chief information officer.

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CBA recognised for sustainable branches

The Commonwealth Bank has become the first financial institution to achieve a five-star Green Star rating for its bank branches from the Green Building Council of Australia (GBCA).

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ANZ announces lending changes

ANZ has announced a raft of changes to its home lending criteria including serviceability assessments and foreign income thresholds.

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ANZ to pay $5 million to customers

ANZ will refund $5 million to approximately 25,000 customers after failing to apply fee reductions.

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RBA warns of ‘aggressive expansion’ by foreign lenders

The Reserve Bank of Australia has issued “a note of caution” over the aggressive expansion of foreign lenders in the local market.

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Listed lender announces ‘landmark transaction’

A listed Australian mortgage provider has priced its largest ever non-conforming RMBS deal.

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CBA’s business model ‘not sustainable’

Certain aspects of the way CBA runs its business “will not be sustainable” as the financial sector embraces the blockchain and big data, according to group executive Annabel Spring.

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Regulator warns of P2P lending risks

ASIC has provided guidance to peer-to-peer (P2P) lenders on their regulatory obligations and highlighted the key risks associated with their products.

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