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ANZ and Westpac refund millions to customers
8 February 2018
mortgagebusiness

The major banks will refund a total of $21.5 million to eligible credit card customers, a report from the Australian Securities and Investments Commission has revealed.

NAB backs new payday lender
6 February 2018
mortgagebusiness

The big four bank has backed a new online cash loan platform that aims to provide borrowers with up to $2,000 in two days.

Finsure acquires Nationalcorp’s portfolio
6 February 2018
mortgagebusiness

Aggregation company Finsure has acquired the portfolio of wholesale mortgage manager Nationalcorp Home Loans, bringing the aggregator’s total book to $30.6 billion.

CBA probe uncovers ‘issues’ with board influence
2 February 2018
mortgagebusiness

APRA’s inquiry into CBA’s “fall from grace” has so far revealed “issues” with the influence of the board and senior executives on the bank’s culture, and the complexity of policies and ...

String of scandals could ‘tarnish’ new CBA boss
1 February 2018
mortgagebusiness

Banking analysts have shared their hopes and fears for the Commonwealth Bank following the surprise appointment of retail banking boss Matt Comyn as the group’s new chief executive.

Why positive credit reporting is such a big deal for our industry
31 January 2018
mortgagebusiness

Promoted by I take a look at my credit report every year. It’s interesting.

Liberty acquires P2P lender
31 January 2018
mortgagebusiness

Non-bank lender Liberty has acquired online marketplace lender MoneyPlace, just days after Auswide Bank divested its stake from the platform.

ASIC commences civil penalty proceedings against CBA
30 January 2018
mortgagebusiness

On Tuesday, 30 January, ASIC commenced legal proceedings in the Federal Court in Melbourne against Australia’s largest lender for unconscionable conduct and market manipulation. 

CBA defends new CEO hire
30 January 2018
mortgagebusiness

The major bank has defended its choice to promote its head of retail banking to the role of CEO in the midst of ongoing reviews and reputational damage, adding that it did not want to lose ...

CBA names new CEO
29 January 2018
mortgagebusiness

Australia’s largest lender has announced the appointment of a new chief executive officer.