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APRA chair pings contingency plans needed
16 May 2022
APRA chair pings contingency plans needed

Following two years of considerable economic volatility, APRA chair Wayne Byres points towards an era of contingency and recovery planning.

Settlement scam claims $732k from WA victim
6 May 2022
Settlement scam claims $732k from WA victim

A home buyer has copped a hefty loss, after her email communications with her settlement agent were hacked last month.

Victoria confirms $40m housing injection
4 May 2022
Victoria confirms $40m housing injection

The state’s government has promised almost $40 million in reforms and projects in its latest budget to improve housing supply, prices and infrastructure.

NAB enters enforceable undertaking over anti-money laundering controls
2 May 2022
NAB enters enforceable undertaking over anti-money laundering controls

NAB has started calculating how much its enforceable undertaking will cost, after an AUSTRAC investigation found issues in the bank’s systems and controls.

Mortgage lending industry prefers Scott Morrison as PM
27 April 2022
Mortgage lending industry prefers Scott Morrison as PM

A Liberal-National Coalition led by Scott Morrison is the preferred outcome of the federal election, according to a new survey.

Westpac to cough up $113m over ASIC lawsuits
22 April 2022
Westpac to cough up $113m over ASIC lawsuits

The Federal Court has ordered Westpac to pay $40 million for charging dead customers financial advice fees, in the last of six lawsuits from the corporate cop. 

Mutual banks want consumer credit law review
22 April 2022
Mutual banks want consumer credit law review

A banking industry body has urged for a probe into Australia’s consumer credit legislation and for regulators to help keep competition alive in the sector.

Conduct ‘appropriate’ due diligence on crypto-backed lending, APRA urges
22 April 2022
Conduct ‘appropriate’ due diligence on crypto-backed lending, APRA urges

Risk management expectations for crypto-backed lending and other crypto assets have been unveiled by the prudential regulator.

Non-banks could abuse open banking, say consumer groups
22 April 2022
Non-banks could abuse open banking, say consumer groups

A number of consumer groups have raised concerns around Treasury’s push to extend the open banking regime to non-bank lenders, claiming it will support predatory behaviour.

RBNZ lifts interest rates to highest in 22 years
14 April 2022
RBNZ lifts interest rates to highest in 22 years

New Zealand’s cash rate has increased by 50 bps, with rising inflation expectations said to be a key driver in the decision.