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Showing 161 - 170 of 587 results for "Lenders"

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... will investigate the prices charged for residential mortgages by the lending market, including big banks and non-bank lenders, and will consider how those prices are determined, such as the impact of the official cash rate. The differences between rates ...

Undisclosed additional lending must stop

KRISTI CHENG  |  THURSDAY, 26 SEP 2019
... that to a bank. "A first ranking senior secured creditor should be advised where additional debt has been taken. These lenders are facilitating a deception on the part of the borrower by not disclosing that," he said. The second reason is the risk involved ...

BNY Mellon adds to Melbourne team

KANIKA SOOD  |  THURSDAY, 5 SEP 2019
... Mellon's corporate trust business in Australia is primarily across securitisation, where its clients include non-bank lenders such as Pepper, BlueStone and ThinkTank and straight debt, where clients include international giants such as McDonalds ...

Government fund seeks investment manager

KANIKA SOOD  |  FRIDAY, 16 AUG 2019
... services for the $2 billion Australian Business Securitisation Fund (ABSF). ABSF will aim to lend $2 billion over time to lenders providing loans to small and medium business owners. AOFM, who will administer the fund on behalf of the government, is ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... in the assessment process" and other provisions of the National Consumer Credit Protection Act 2009 impose penalties if lenders make unsuitable loans as a result of that process. Under the Act, lenders must assess whether loans are unsuitable for consumers. ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... purchase CCI sold alongside their credit cards only receive 11 cents in claims for every dollar paid in premiums. Across all lenders, the figure moves to just 19 cents in the dollar. ASIC said CCI sales practices were harmful to consumers, noting CCI ...

Property risks dip at Coalition win, APRA easing

KANIKA SOOD  |  WEDNESDAY, 22 MAY 2019
... buyers with a deposit of only five per cent. This should help first home buyers to get a loan without having to take out lenders' mortgage insurance. But it does create potential risks around lending criteria and lending to households with a smaller ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... digitalisation and innovation to maintain market share by enhancing customer experience, as they face more competition from new lenders. Partner, banking strategy at KPMG Hessel Verbeek explained: "As the majors deal with risk and compliance challenges ...

IRESS partners with bank

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
... orchestrating the approvals and settlements through automated workflows. IRESS said the software reduces effort and cost for lenders and improves outcomes for borrowers and brokers by simplifying the digital experience and creating faster turnaround ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... should be continued. He said the decision was made following consultation with the mortgage broking industry and small lenders. Almost 60% of residential mortgages in Australia are settled through 16,000 brokers, Frydenberg said. The channel accounts ...