Lender

A retirement lender has announced its decision to reduce interest rates in line with the Reserve Bank’s cash rate cut. 

The prudential regulator has finalised its plans to amend its guidance relating to home loan serviceability assessments.

Three of the four major banks have jointly launched a live pilot with IBM and Scentre Group to trial a new digital platform that uses blockchain technology to obtain and manage bank ...

The major bank has called on ASIC to consider amending its responsible lending guidance to reflect a borrower’s willingness to “make lifestyle adjustments” after securing a home loan

The Reserve Bank’s second consecutive cut to the cash rate has elicited an immediate response from the mortgage market, prompting lenders to pass on the reduction to their mortgage customers

A new Banking Code of Practice – which calls on signatories to cease charging commissions on lenders mortgage insurance,  among other updates – is now in effect.

Community housing providers are now able to apply for grants of up to $20,000 to help them prepare the necessary finance and support needed for their loan applications.

The prudential regulator is seeking feedback on its proposed approach to determining product responsibilities, which would see banking executives being held accountable for their products.

A new lender is now operating as a foreign ADI after being granted a licence from APRA.

The major bank is making changes to its executive leadership team as the banks continues its “focus on earning trust and restoring the reputation” of the institution.