Parliamentary committee to look at controversial loan impairment practices 09 June 2015 4:24PM A Parliamentary committee will look into the practices of financial institutions in relation to the impairment of customer loans and the forced sale of property. read more
Leasing company fails to meet responsible lending obligations 09 June 2015 4:23PM Consumer leasing company Amazing Rentals will stop operating in Darwin for a minimum of 12 months and will terminate all leases entered into after October 2011, after it was found to have acted uncons.. read more
Austrac puts lawyers and real estate agents on notice 05 June 2015 4:00PM Organised crime groups are using increasingly complex commercial structures to support their activities and launder money and, as a result, are engaging the services of professionals such as legal pra.. read more
Electronic conveyancing to boost efficiencies 04 June 2015 4:49PM The banking industry can expect to achieve annual savings of around A$44 million a year as a result of efficiencies delivered by electronic conveyancing, as well as improved customer satisfaction and.. read more
ACCC backs Harper's price signalling recommendation 04 June 2015 4:46PM The Australian Competition and Consumer Commission has backed the recommendation of the Competition Policy Review that the prohibition on price signalling be scrapped and replaced by a more general "c.. read more
ASIC not supporting innovators, say marketplace and P2P lenders 03 June 2015 4:09PM Entrepreneurs in the financial services industry are not convinced that the Australian Securities and Investments Commission is doing everything it can to support innovative businesses in the sector,.. read more
Westpac extends videoconferencing to all branches, Asia 03 June 2015 4:09PM Westpac will install its Connect Now videoconferencing service across its entire network after a successful initial rollout last year, and has extended the service to its Singapore office. read more
ASIC review prompts changes to credit card travel insurance disclosure 03 June 2015 4:07PM Consumers using travel insurance provided by their card issuers will soon have a better understanding of when the cover is activated, who is covered and claims procedures. read more
20 bps the most common mortgage rate cut last month 02 June 2015 3:31PM A large number of lenders have followed the lead set by Commonwealth Bank and National Australia Bank in cutting their standard variable mortgage rates by 20 basis points in response to the 25 bps cut.. read more
NAB Broker and Advantedge tighten mortgage underwriting 02 June 2015 3:31PM National Australia Bank's third party mortgage distribution businesses, Advantedge and NAB Broker, have made changes to their mortgage lending policies, including higher rates and lower LVR caps for i.. read more