Eight lenders chastised as ASIC takes prudential turn 04 April 2017 3:39PM Eight lenders, including three major banks and a couple of names rarely pinged by ASIC, may not even be guilty of the shortcomings alleged. read more
CUA trips APRA speed limit 04 April 2017 3:38PM 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 04 April 2017 3:35PM 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 03 April 2017 3:27PM 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 03 April 2017 3:25PM 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 03 April 2017 3:24PM 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 03 April 2017 3:20PM 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' 31 March 2017 5:34PM 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
Banks and not-for-profit making 'rents' from super 30 March 2017 4:57PM The issues paper from the Productivity Commission on alternative default models for superannuation is no guide to how the long-parried conquest by banks of the contested sector might proceed. read more
Low doc RedZed colours RMBS sector 29 March 2017 5:16PM 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