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Hayne questions why bill doesn’t cover all credit products
7 February 2019
Kenneth Hayne

Commissioner Hayne has implied in his final report that the design and distribution obligations proposed under a new Treasury bill should be applicable to all credit products.

Former Citibank exec joins P2P lender
7 February 2019
Melissa cicero Societyone

A peer-to-peer lender has announced the appointment of a former Citibank executive as its chief marketing officer.

Health Professionals Bank launches into broker channel
6 February 2019
mortgagebusiness

Teachers Mutual Bank Limited has announced the launch of its fourth brand, Health Professionals Bank, into the broker channel.

RC’s final recommendations revealed
4 February 2019
RC’s final recommendations revealed

The long-awaited final report of the financial services royal commission has been released to the public, containing Commissioner Kenneth Hayne’s recommendations for reform in the mortgage ...

CBA arm ordered to stop charging fees for ongoing service
4 February 2019
CBA arm ordered to stop charging fees for ongoing service

The financial planning arm of Commonwealth Bank, Commonwealth Financial Planning Limited, has been ordered by ASIC to stop charging fees for ongoing service.

Lender sees 43% growth in loan value
4 February 2019
mortgagebusiness

An ASX-listed neo-lender saw a 43 per cent growth in the value of new loan settlements over the second quarter of the financial year and has announced some personnel changes.

Finance players honoured in Orders of Australia
31 January 2019
Medal of the order of Australia

The Governor-General, the Honourable Sir Peter Cosgrove, has released the Australia Day 2019 honours list acknowledging some top economists and financial pioneers nationwide.

Borrowers increasingly turning to online lenders
31 January 2019
mortgagebusiness

Australians are increasingly turning to online lenders for better deals on their mortgages, according to a new Mozo analysis.

SME lender appoints former CBA exec as CEO
30 January 2019
Joanna White

A publicly listed small business lender has brought in a former Commonwealth Bank executive as its new CEO.

‘Relaxing’ lending standards would ‘reflate’ credit bubble
29 January 2019
Stephen Koukoulas

Regulators should consider “aggressive” monetary policy action “sooner rather than later”, with a move to wind back prudential measures likely to restimulate the “credit boom”, according to ...