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RBA warns banks over mortgages

The Reserve Bank has warned Australian lenders they may need to hold additional capital against housing finance, driving up the cost of home loans.

Lender fined in Federal Court

The Federal Court has ordered GE Money to pay a penalty of $1.5 million for making false or misleading representations to more than 700,000 of its credit card customers.

CBA to review advice failures

CBA chief Ian Narev has announced an ‘open review program’ to investigate the advice failures at CBA dealer groups Commonwealth Financial Planning and Financial Wisdom.

Analysis: Return of the Red Star

NAB’s shock announcement last week of a major rebranding and the reintroduction of first-year trail commissions marks a significant milestone for the lender.

How long do you think it should take to discharge a mortgage?

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