Open data boosters need to make customers own their data 20 March 2018 6:06PM The question of how traditional, established banks and the "ecosystem" that surrounds them is easing into an era of open application programming interfaces was teased out by an expert panel on Day 1 o.. read more
Mortgage pricing inquiry reveals reluctance to compete 16 March 2018 6:06PM The ACCC's interim report on its residential mortgage price enquiry, covering the five banks affected by the Government's major bank levy, noted "signs of less-than-vigorous price competition". read more
Big Four banks concede terms on small business loans 16 March 2018 6:03PM A report from ASIC and ASBFEO charting progress by the major banks towards removing unfair terms from their loan contracts shows it's not all glossy pictures. read more
CBA admits broker commissions lead to larger, riskier loans 16 March 2018 6:02PM CBA's executive general manager home buying told the Royal Commission into banking industry misconduct that the bank now had a strategy to bring more mortgage lending in-house, and acknowledged that i.. read more
Pepper markets a mix of non-conforming and prime RMBS 16 March 2018 6:00PM Moody's Investor Services has assigned provisional ratings to Pepper Group's first non-conforming and prime RMBS transaction for 2018, a series that includes short duration US dollar denominated notes.. read more
Royal Commission uncovers link to NAB boardroom 15 March 2018 5:55PM A selection of National Australia Bank's Board members from 2015-2016 may well find themselves fronting the Royal Commission into banking industry misconduct after counsel assisting Rowena Orr was han.. read more
NAB's mortgage victims kept waiting for redress 15 March 2018 5:53PM The examination of NAB's executive general manager for broker partnerships by the Royal Commission into banking industry misconduct continued yesterday until lunchtime. Anthony Waldron told the hearin.. read more
Broker cut loose by CBA due to 'low volumes' 15 March 2018 5:49PM The head of a small mortgage broker firm, who had his accreditation with CBA revoked last year, ostensibly due to low volumes of loans being directed to CBA, took to the witness stand at the Royal Com.. read more
NAB 'syndicate' coordinated mortgage fraud 14 March 2018 6:17PM Half a dozen NAB branch managers in western Sydney were part of a gang gaming National Australia Bank's home loan "Introducer program" and they were the chief sponsors of widespread and long running m.. read more
NAB flayed for tardy reporting of internal fraud to ASIC 14 March 2018 6:13PM Counsel assisting the Hayne Royal Commission has been building a case against NAB over its lack of timely disclosure to ASIC, once its forensics team uncovered serious internal loan fraud at several b.. read more