Powered by MOMENTUM MEDIA
Mortgage business logo

Regulation

APRA slaps Westpac with enforceable undertaking

The prudential regulator has taken action against Westpac over breaches of liquidity standards, adding that they show weaknesses in the bank’s risk management.

APRA slaps Westpac with enforceable undertaking
Support for non-banks ‘disproportionate’, ‘unfair’: Resimac

The lender’s chairman has condemned the pricing of financial support received by the major banks over non-banks, labelling it as “grossly unfair”.

Support for non-banks ‘disproportionate’, ‘unfair’: Resimac
Regulators are hurting the recovery: Frydenberg

Regulators are a speed bump to recovery and need to follow the will of Parliament and the people, Treasurer Josh Frydenberg has said.

Regulators are hurting the recovery: Frydenberg
Stamp duty reform to fast-track FHBs: Gateway

The majority of FHBs could achieve their goal of owning property faster if they are able to opt out of stamp duty, according to a non-major bank.

Stamp duty reform to fast-track FHBs: Gateway
REINSW reacts to ‘long overdue’ stamp duty reform

The REINSW has welcomed the NSW government’s revelation that it will be phasing out stamp duty, but warned that it won’t support the replacement of one property tax with a different property ...

mortgagebusiness
More royal commission legislation introduced into Parliament

A package of legislation addressing 20 recommendations and one additional commitment from the banking royal commitment, including the reference checking and information-sharing protocol for ...

More royal commission legislation introduced into Parliament
CBA issues paper on tackling financial abuse

A new research paper has highlighted how financial institutions can provide better support for people impacted by economic and financial abuse through intimate partner relationships.

CBA issues paper on tackling financial abuse
NAB outlines progress made on culture

The big four bank believes that it has made substantial progress on turning its culture around in the wake of the banking royal commission, but the prudential regulator will have the final ...

NAB outlines progress made on culture
Bank warns of ‘highly targeted’ cyber scams on elderly

Cyber criminals are actively targeting the elderly and most vulnerable members at double the rate of any other age groups, according to a non-major bank.

Bank warns of ‘highly targeted’ cyber scams on elderly
NAB reports 47% fall in profit

The big four bank recorded $2.56 billion of profit in the financial year 2020, a 47 per cent drop compared with last year, largely due to COVID-related challenges.

NAB reports 47% fall in profit
brokerpulse logo

 

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph