Lender

Lenders are “stuck in the middle”, navigating conflicting interpretations of responsible lending obligations that have suppressed risk appetites, according to ANZ CEO Shayne Elliott.

The major bank has been hit with a new class action relating to commissions paid to its subsidiary.

Non-bank lender La Trobe Financial has announced that it is offering Qantas points on some of its investment services and wealth management products.

The Select Committee on Financial Technology and Regulatory Technology has refrained from recommending a ban on screen scraping, after holding an inquiry into fintech and regtech.

The major bank has increased its risk appetite for investors with interest-only repayment terms.

HomeSec Business Finance is offering up to 10 months of no repayments to Victoria-based SMEs, given the ongoing lockdown and movement restrictions.

CUA has released a new financial inclusion plan that includes more than $1 million in community investment to address vulnerability.

The major bank has officially sold its New Zealand-based asset finance business as part of a broader simplification strategy.

P&N Group has appointed its first chief transformation officer to the executive team as the customer-owned lender grows its reach.

Two of the big four banks have reported sharp contractions in their mortgage portfolios, in contrast to their peers who have built on recent momentum, new APRA data has revealed.