Briefs: Homeloans restructures commissions, S&P on home loan arrears, Youi caned at royal commission 20 September 2018 4:51PM Homeloans Ltd has become the first non-bank lender to overhaul the way it pays mortgage brokers to align commissions with the interests of borrowers in terms of size structure and affordability. read more
Briefs: Police smash ID theft crime ring, Average house prices fall 19 September 2018 4:47PM NSW police said they have dismantled an organised criminal syndicate and seized more than A$250,000 following an investigation into identity theft. read more
Foreign news: Card majors settle for US$6.2bn, Equifax exec on insider trading charges, Deutsche on 19 September 2018 4:43PM Visa, Mastercard and a group of top-tier US banks including JPMorgan Chase, Bank of America and Citigroup, have agreed to pay US retailers and other merchants an extra US$900 million to settle a long-.. read more
Briefs: Kiwisaver providers rated on ethics, Borrowers have regrets, ASIC launches action against Do 18 September 2018 4:39PM A new independent KiwiSaver comparison platform that ranks providers with a "social good score" places Westpac's Cash Fund and Cpp fund at the top of the 'defensive' and 'aggressive' categories. read more
Foreign News: ING takes lead on climate risk 17 September 2018 4:10PM ING is to assess its entire US$600 billion lending portfolio based on climate impact, and put pressure on clients whose businesses do not conform with the goals of the Paris climate agreement read more
Brief: Virtual currencies in real trouble 14 September 2018 5:45PM The cryptocurrency tumble has now surpassed the Nasdaq Composite Index's 78 per cent peak-to-trough decline after the dot-com bubble burst in 2000. read more
Big Four ready to roll with full credit reporting 14 September 2018 5:34PM The remaining three Big Four banks are reportedly getting ready to join NAB as participants in the new CCR regime. read more
ACCC releases open banking framework 13 September 2018 5:38PM The ACCC has released its framework for the rules to govern the incoming open banking regime, and says companies which fail to comply with the rules could be taken to court - and banks will not be all.. read more
Brief: Westpac exposed to civil action after commission revelations 13 September 2018 5:34PM After its admission that it breached responsible lending laws Westpac should now be preparing for possible civil action by its customers, funders and investors, says a leading plaintiff lawyer. read more
Briefs: CBA and ANZ sued in email scam case 12 September 2018 4:57PM Property developer Bensons Property Group is suing the CBA and ANZ to recover nearly A$1 million it lost in an email scam. read more