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Westpac increased fixed home loan rates for three, four and five-year terms yesterday, in line with a recent round of fixed rate rises in response to higher bond yields and swap rates. read more

AFG is promising brokers “a full digital mortgage experience with a linked personal financial manager”, with the launch of the first product under its strategic partnership with Volt. read more

The Consumer Data Right passed another milestone this week, with non-major ADIs required to meet additional data sharing requirements. But there are still a lot of ADIs not up to speed. read more

Debt buyer Pioneer Credit has refinanced its business for the third time in two years, as it continues to deal with the aftershocks of defaulting on its loan in 2019. read more

A significant decline in Westpac’s business in the September half of its 2020/21 financial year prompted intense questioning from analysts at the bank’s results briefing yesterday about its ability to.. read more

Westpac reported net profit of A$5.4 billion for the 12 months to September – an increase of 138 per cent over the previous year, due largely to a big turnaround in impairments. read more

New housing loan commitments fell 1.4 per cent in September, compared with the previous month, according to the latest Australian Bureau of Statistics lending data. read more

Commonwealth Bank has pleaded guilty to 30 criminal charges of making false or misleading representations to 165 customers when selling consumer credit insurance. read more

The Australian Banking Association wants member banks to include savings buffers in their programs for dealing with customers in financial hardship. read more

James Spenceley has decided not to proceed with his appointment as a NAB non-executive director, following feedback from proxy advisers. read more