CUA trips APRA speed limit

Credit Union Australia will curtail, or pause, writing new loans for property investors altogether, the Financial Review reports."We have observed an increase in new investor applications in response.. read more

Westpac 'will offer' Apple Pay, in time

There's another long, Westpac bicentennial read in the Financial Review today, an interview with the CEO Brian Hartzer that is heavy on tech themes. Hartzer is hopeful that Westpac will offer Apple Pa.. read more

Non-banks drawn to APRA macroprudential web

Pepper, Liberty, La Trobe, FirstMac, Resimac, AFG Home Loans, RedZed - the whole spread of non-banks -  are all APRA regulated now, at least when it comes to macroprudential policy and the use of.. read more

Bubble worry brings APRA back to the fray

Weeks of guesswork ended on Friday, with APRA dictating a long list of new macroprudential policy measures.The professional worrywarts at the Australian Prudential Regulation Authority did not mess ar.. read more

Unfit banks a year away from Apple Pay

It may take the best part of a year for the four banks that sought to boycott Apple Pay to change direction, make up with the US technology giant and bring the payment app to market.The Australian Com.. read more

Comment: Banks to the ACCC wallets slaughter

A strange episode in modern Australian banking history is near its end, with CBA, NAB and Westpac humiliated - inevitably - by the ACCC over Apple Pay. Apple won hands down on practically every argume.. read more

BOQ sees red as 'market returns'

A wind back of questionable lending practices by major banks is producing a turnaround in home loan flows for Bank of Queensland, despite a fall in profit over the half year to February 2017. read more

Low doc RedZed colours RMBS sector

A mortgage-backed bond from RedZed Lending Solutions brings more flavour than usual to the RMBS sector, the A$250 million deal overwhelmingly comprised of low documentation loans. read more