Lender

A marketplace lender has seen personal loan originations double in the second half of the financial year as it broadens its reach across the broker channel.

Prudential policy decisions, a 50 per cent hike in servicing costs, a falling property market and “cherry-picking” clients are some of the main concerns for the mortgage industry’s decision ...

The financial services regulator has permanently banned two former employees of National Australia Bank for “recklessly” giving the bank “false payslips, letters of employment, bank ...

The Commonwealth Bank of Australia has announced that it will remove low documentation features on all new home loans and line of credit applications from 29 September, as it continues its ...

Following a review of credit card lending in Australia, the regulator is looking to update responsible lending assessments so that credit cards would be deemed “unsuitable” if the limit ...

The major bank has confirmed that the Australian Prudential Regulation Authority has endorsed its plan to address its governance issues, which includes a move to cut executive pay by $60 ...

The major bank has said that it will “vigorously defend” a new class action proceeding being brought against it on behalf of some of its shareholders.

A representative from ANZ has said that the bank was merely pursuing its contractual rights “to get paid” when it forced a couple to sell their century-old farm and other assets at a heavily ...

Homeloans Ltd has announced the appointment of Jason Azzopardi as its chief financial officer, replacing Ian Parkes whose resignation was announced in April.

The financial services royal commission has revealed that the big four bank forced the sale of an intergenerational farming family’s place of residence, despite acknowledging that the sale ...