44

ASIC has taken American Express to court over alleged breaches of its design and distribution obligations, in what will be the first court case to consider the DDO and the regulator’s approach to enfo.. read more

Authorised deposit-taking institutions’ mortgage lending standards tightened during the September quarter, with fewer loans originated with high loan-to valuation or debt-to-income ratios, while the l.. read more

A slowing and intensely competitive home loan market is proving hard to handle for a number of lenders, with a growing number suffering loan book runoff over the past few months. read more

Seven months into the cash rate tightening cycle lenders are increasingly finessing their home loan rates strategies, with more choosing to pass on only some of the cash rate increase or holding back.. read more

Mortgage aggregator AFG reported that its overall residential mortgage lodgements were down 24 per cent in October, compared with October last year, but lodgements for AFG Securities, its own funded l.. read more

Commonwealth Bank has launched a service designed to “orchestrate” merchants’ payment options on a single platform. read more

The Clean Energy Finance Corporation has extended its support for lenders offering discounted electric vehicle loans, with a commitment of up to $20.5 million to Taurus Motor Finance. read more

The unexpected sell-off of global structured finance assets, including Australian residential mortgage-backed securities, in late September may ultimately have a beneficial impact on the local securit.. read more

Banks’ response to loan losses caused by the impact of climate change could include tighter loan-to-valuation ratio limits and reduced lending in regions and to industries impacted by emerging risks. read more

George Frazis finished up at Bank of Queensland yesterday, three years into his term as chief executive, after the board “formed a view that different leadership is now required”. read more