NAB makes its entry into the unsecured small busines loan market 02 June 2016 3:23PM In a clear indication that new online lenders are having an impact on the big banks, National Australia Bank has launched its first ever unsecured small business loan and it is using the sort of origi.. read more
DirectMoney establishes referral agreement with MyState 02 June 2016 3:22PM Marketplace lender DirectMoney has established a referral agreement with MyState and will refer excess loan applications to the bank. read more
Exceptions the rule in the mortgage market 02 June 2016 3:19PM A month after the Reserve Bank cut the cash rate by 25 basis points, home loan customers of a number of institutions are still waiting to hear how their lenders will respond. read more
CBA offers financial advice customers $4.8 million 02 June 2016 3:18PM Commonwealth Bank has offered a total of A$4.8 million in compensation to 414 customers and former customers of its financial panning businesses who received poor advice. read more
FlexiGroup to shed non-core operations 01 June 2016 4:14PM A few months into his tenure as chief executive of finance company FlexiGroup, Symon Brewis-Weston is putting the cleaners through the business. At an investor briefing yesterday Brewis-Weston announc.. read more
Business lending growth overtakes mortgages 01 June 2016 4:13PM Business lending has overtaken housing finance as the driver of growth in credit, with the highest annual growth rate since the financial crisis. read more
CBA enhances digital banking offer 01 June 2016 4:13PM Commonwealth Bank has made a couple of enhancements to its retail digital banking service, adding a "Photo a Bill" facility and instant account-opening functions to the Commbank app. read more
Lenders continue to de-risk their mortgage books 01 June 2016 4:12PM Mortgage lending in the Australian Prudential Regulation Authority's high-risk categories fell in the March quarter, with reductions in the proportion of new interest-only loans and high loan-to-valua.. read more
Fintech newcomer uno spruiks a different mortgage sales experience 31 May 2016 4:12PM The latest entrant into the mortgage market has combined the features of a comparison site and a brokerage to deliver what it claims will be "a new era in property finance." read more
ATO extends deadline for SMSF borrowing changes 31 May 2016 4:11PM The Australian Taxation Office has pushed back the deadline for self-managed superannuation fund trustees to ensure that any borrowing arrangements are structured on an arm's length basis. The deadlin.. read more