ASIC has slapped the big four bank with a lawsuit claiming it breached the Credit Act, over referrals through its home loan “introducer pr...
Overdue mortgage debt has travelled downwards for the fourth month in a row, according to a new report by the credit ratings agency.
The property market boom has boosted the home loan businesses of Australian mutual banks, according to a new analysis.
A Reserve Bank of New Zealand-ordered report into Westpac’s local arm has flagged shortcomings in its board’s risk oversight.
The ACCC has decided the $1.2 billion purchase of Citigroup’s Australian consumer business will not dampen competition among local banks.
Up to 15 per cent of current households would have been able to enter the property market in the 1990s but are now forced out, an economist has said.
The non-bank lender has launched into residential mortgage lending as it expands its product suite and offering to SMEs.
Customers who use buy now, pay later products are more likely to fall behind on debt repayments and to be in financial hardship, the big four bank has reported.
The customer-owned financial institution has become the third of its kind to be named an accredited data recipient.
The Reserve Bank of New Zealand has sought feedback on debt serviceability restrictions for mortgage lending, preparing to deploy them if needed.
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