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Digital lender recruits Tesla engineer to board
16 November 2018
mortgagebusiness

An aspiring bank has announced appointing a senior engineer from Tesla to its board.

Gender pay gap highest in finance industry
16 November 2018
mortgagebusiness

The financial and insurance services industries continued to have the highest gender pay gap in 2017–2018 at 30.3 per cent, according to a report by the government’s Workplace Gender ...

Federal Court rejects Westpac $35m penalty
13 November 2018
Barrister's wig

The Federal Court has dismissed ASIC and Westpac’s agreement for the major bank to pay a $35 million penalty for supposed breaches of responsible lending laws.

Housing finance commitments drop to 2013 levels
13 November 2018
mortgagebusiness

Loans to owner-occupiers fell to the lowest level in September since 2013, according to ABS data.

Over 82% of PEXA shareholders approve acquisition
13 November 2018
mortgagebusiness

Shareholders representing over 82 per cent of PEXA’s issued capital have approved the company’s $1.6 billion acquisition, according to an update from the takeover consortium.

Finance sector rife with data breaches
13 November 2018
mortgagebusiness

The finance sector was identified by the Office of the Australian Information Commissioner as one of the most heavily targeted industries for notifiable data breaches in the third quarter of ...

LATEST PODCAST: How bank ‘simplification’ is aiding the non-bank sector
12 November 2018
Mortgage Business, Mortgage Business Uncut

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Bank fears consequences of stronger lending laws
12 November 2018
Warning

Strengthening responsible lending obligations would “diminish the incentive for borrowers to ensure that they repay their loans on time”, which would lead to an increase in mortgage defaults ...

Suncorp’s home loan portfolio up by $2bn
8 November 2018
mortgagebusiness

The non-major bank’s mortgage book has increased by 4.5 per cent in the year to 30 September 2018.

Impending PEXA acquisition valued at $1.6bn
7 November 2018
mortgagebusiness

Most of PEXA’s shareholders have backed a joint acquisition proposal by three firms, after the property exchange network’s float was cancelled.