Lender

ASIC has defended the utility of its responsible lending guidance amid court rulings that have called into question current compliance practices. 

Better Choice Home Loans has launched a new 95 per cent LVR home loan product, which aims to help more first home buyers enter the property market.

Customer-owned banking institutions wrote $6.6 billion in the 2019 financial year, up 7.8 per cent from the previous year and outpacing growth from the major banks.

Join Alex Whitlock and Annie Kane as they delve into the latest themes and developments in the home loan market.

Non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, headed up by director of sales and distribution Aaron Milburn.

The risks that prompted APRA’s initial crackdown on mortgage lending “have not gone away”, chair Wayne Byres has said, warning against a “resurgence in speculative activity”.  

The major bank will commence an “international search” for a new chief financial officer after announcing the retirement of Peter King.

The corporate regulator has used its product intervention powers to prohibit a model of short-term lending, which, it has found, causes “significant consumer detriment”.

Commonwealth Bank CEO Matt Comyn is set to replace ANZ CEO Shayne Elliott as ABA chair.  

A challenger bank has marked its official launch in Australia with the opening of a transaction and deposit account.