Breaking news

  • Brokers steal market share at major bank by Julia Corderoy

    The third party channel has made significant gains over the proprietary channel for one major bank

  • Brokers can aid growing underinsurance problem by Julia Corderoy

    Australian consumers are vastly underinsured, the results of a new survey have revealed, and brokers should bear some of the responsilbity

  • Lender defends banned product by Julia Corderoy

    An online Australian lender has defended one of its loan products after an ASIC investigation saw the product banned, saying it was not prohibited by laws governing Small Amount Credit Contracts

  • Broker cops four year ban from ASIC by AB

    ASIC has banned a mortgage broker from engaging in credit activities and has cancelled his Australian credit licence

  • Brokers offered prime opportunity to educate by Julia Corderoy

    More than half of Australian mortgage holders are unaware what interest rate they are currently paying on their home loan, but brokers are in a good position to educate

  • Lender penalised for overcharging consumers by Julia Corderoy

    A payday lender has been ordered to pay $34,000 in infringement notices for overcharging interest and establishment fees on payday loans