The bank has also adjusted its LVR cap on residential investor loans, citing tighter regulations by regulators as the cause
The big four bank has increased its mortgage rates for owner-occupiers as well as investors
The big four bank has updated both its variable home loan and business loan interest rates
A national aggregator has confirmed that the proposed shadow shopping of Australian brokers should be starting soon
A top NAB exec has taken a swipe at the bank's competitors for “aggressive” tactics designed to gain market share.
Following a Melbourne broker’s ban for failing to verify documents, lenders and aggregators have been called on to help brokers meet ASIC requirements.
Multiple brands, misleading advertising and clawback provisions are stifling competition in the industry and causing confusion amongst consumers, says the former CEO of a broker association.
ASIC chairman Greg Medcraft is meeting with industry groups to spruik the idea of a business levy to help fund the regulator.
The RBA looks set to keep interest rates at record lows for the foreseeable future following minutes from its most recent board meeting.
The first public hearing of the Senate Inquiry into the performance of ASIC will take place in Sydney today.