Lender

A non-major lender has announced the appointment of a new CEO following the retirement of its outgoing chief in July.

APRA’s decision to scrap its interest-only benchmark is unlikely to persuade banks to up their intake of interest-only loans, according to AMP senior economist Shane Oliver.

The corporate regulator has revealed the changes being made by lenders to reform their credit card lending practices.

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

A consumer fintech has announced the launch of a $5 million capital raise to help fund its growth ambitions.

The chief lending officer of a credit provider has sought to refute the “myths” associated with non-bank lending amid concerns raised by financial regulators.

A US-based fintech has announced its partnership with Mastercard ahead of its launch in Australia in 2019.

A loans and deposits marketplace has announced that it has secured capital investment from Lakeba Group.

The decline in the banks’ risk appetite has been highlighted by the latest statistics from APRA, with low-deposit, low-doc and interest-only lending falling sharply.  

Stricter credit criteria imposed by the banks off the back of regulatory scrutiny has inhibited prospective home buyers from taking risks at auctions, according to ANZ Research.