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Showing 401 - 410 of 2618 results for "Loan"

Cryptocurrency lender Helio charged for false credit licence claims

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... did not. Helio Lending offered cryptocurrency-backed loans to consumers, using the digital currency as security over the loan. ASIC alleged that around 20 February 2019, Helio falsely represented on its website that it held an ACL. ASIC further alleged ...

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
The Federal Court has ordered Westpac to pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans, to customers who hadn't agreed to buy insurance policies. This penalty has come as a result of Westpac's ...

Deerpath Capital opens local office

ELIZABETH FRY  |  MONDAY, 4 APR 2022
Deerpath Capital Management is expanding its global footprint with the opening of a dedicated operation in Australia. The firm will offer new vintages of closed-end credit funds to institutional investors, high net-worth individuals, and family offices. ...

Budget targets home ownership rates

TOM WATSON  |  TUESDAY, 29 MAR 2022
... Similar to the existing First Home Guarantee scheme, eligible buyers using the new scheme will be able to take out a home loan with a deposit as low as 5% without the need for mortgage insurance. Instead, the government will act as the guarantor for ...

Budget to back aspiring homeowners

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... to the Home Guarantee Scheme, which already exists. The Home Guarantee Scheme ensures part of an eligible buyer's home loan is guaranteed by the government, in theory enabling Australians to buy a home sooner with a smaller deposit and without needing ...

TCorp appoints financial markets lead

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
TCorp has added to its executive leadership team with the appointment of a general manager, financial markets. Rob Kenna takes on the role, promoted from head of funding and balance sheet. In the general manager position, Kenna will oversee the financial ...

Practice valuations to normalise: Report

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
... principal and interest loans, if this does not continue, we may see an associated decrease in valuations in line with shorter loan period amortisation payback periods," the report reads. Based on the firm's experience in 2021, Centurion said the market ...

Super should help secure home loans: Inquiry

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
... following its inquiry into housing affordability and supply in Australia today, with the use of super as security for a home loan a key measure. "The Committee is of the view that first home buyers should be able to use their super as collateral for ...

EQT secures RE, custody mandates

KARREN VERGARA  |  THURSDAY, 17 MAR 2022
An alternatives asset manager and lender handed down a custody and responsible entity mandate to Equity Trustees for one of its funds. Metrics Credit Partners chose EQT to oversee the two functions for its Metrics Direct Income Fund. EQT replaces Sandhurst ...

Global alliance calls for BNPL regulations

CHLOE WALKER  |  THURSDAY, 17 MAR 2022
... late on a payment have experienced financial hardship because of buy now, pay later fees, including taking out an additional loan or foregoing household essentials. The research also shows that 30% of Australians have used a BNPL service in the last ...