ASIC concerned over IDR ‘obstacles’ in financial sector
Reporter
The corporate regulator has released a report highlighting the challenges faced by customers in the dispute resolutions process and has warn
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Mortgage pricing too opaque and discounting too time consuming: ACCC
Pricing for mortgages is “opaque” and the cost and effort needed to search for discounts is “unnecessarily high”, the ACCC’s Resid
Bump in loan approvals a ‘blip’ amid downturn
The downward trend in home loan approvals reversed in October, but the spike is set to be short-lived, according to analysts.
COBA welcomes progress of banking reform bill
The Customer-Owned Banking Association has welcomed the Coalition government’s joint party-room approval of legislation designed to reduc
Bank pulls high LVR home loan product
A bank has announced that it will no longer process home loan applications with loan-to-value ratios above 95 per cent in a bid to “rebala
Neo-lender looks to become bank in 2019
A new digital lender has said it expects to receive its full banking licence in the first quarter of 2019 and will launch with deposits, fol
Mortgage serviceability pressures easing
The proportion of income required to service a home loan decreased nationwide over the September quarter 2018, according to joint research f
Back book rate hikes spur arrears jump: S&P
Delinquencies underlying Australia’s mortgage portfolio increased over the year to September 2018 off the back of out-of-cycle interest ra
AMP launches financial literacy platform
The financial services giant has announced the launch of a new website designed to serve as a “one-stop shop” for financial education.
New ASIC deputy chair appointed
The government has appointed a new deputy chair to the Australian Securities and Investments Commission (ASIC) following the resignation of
