Powered by MOMENTUM MEDIA
Mortgage business logo
Major bank sells LMI business

A big four bank has announced that it will sell its lender’s mortgage insurance business to a global specialist insurer.

Two non-majors to merge

A Queensland-based lender is to acquire the super fund-owned lender ME Bank, as the two banks look to challenge the dominance ...

CBA liable for overcharged interest

The Federal Court has declared that the major bank engaged in misleading and deceptive conduct on 12,119 occasions when ...

Suncorp to withdraw from personal lending

The non-major bank has announced that it will cease offering personal loans as it moves to have a “greater focus on home ...

NAB to acquire 86 400

National Australia Bank is set to acquire 100 per cent of the shares in digital lender 86 400, in a bid to help grow NAB’s ...

Fintech exits banking industry

A neobank has announced its plans to return all funds to depositors and relinquish its ADI licence.

Industry veteran Steve Kane retires

Steve Kane, NAB’s longstanding executive for broker distribution, has announced his retirement from the major bank after ...

Victoria commits $5.4bn to home building

The Victorian government will deliver a “historic” $5.3 billion Big Housing Build to construct more than 12,000 new homes ...

RBA reveals cash rate decision for October

The central bank’s board has announced its monetary policy decision amid speculation of a cut to the cash rate.

Government to axe responsible lending laws

The federal government has unveiled a plan to overhaul responsible lending laws by shifting from a “lender beware” model to a ...

Westpac agrees to pay historic $1.3bn penalty

The major bank has reached a settlement with AUSTRAC to pay a record $1.3 billion penalty for over 23 million breaches of ...

CBA won’t see enforcement action in AUSTRAC case

The financial services regulator has told the major bank that it will not take any enforcement action against it regarding ...

JobKeeper tweaked again

The federal government has committed an extra $15.6 billion into the JobKeeper scheme and will revise eligibility ...

RBA issues update, analysts tout policy changes

The central bank has issued a monetary policy update amid fears of a deeper recession, which have “consigned to history” an ...

Major bank to partially close 114 regional branches

A big four bank has announced that 114 smaller regional branches will only open in the mornings from next month, as the bank ...

APRA tells banks to halve dividends

The prudential regulator has told banks that it expects them to retain at least half of their earnings and reduce payouts to ...

ASIC to review responsible lending guidance

The corporate regulator has revealed that it will review its updated responsible lending guidance after deciding not to take ...

Banks announce expanded loan deferral policies

Australian banks have announced that they will support customers with a new phase of COVID-19 support, extending mortgage ...

RBA unmoved ahead of September ‘shock’

The central bank has issued a monetary policy strategy update following its monthly board meeting.

Suncorp Bank appoints new CEO

The non-major lender has announced the appointment of a Commonwealth Bank executive as its new CEO.

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

What are the main barriers to securing a mortgage at the moment?