The bank’s latest financial figures also show the lender is on track to meet APRA’s interest only and investor speed limits
The regulator has said it has issued compulsory information notices to the banks who must now justify their interest rate decisions
The lender has announced these new policy changes as a result of tighter requirements enforced by APRA
As well as urging for a higher cash rate, the former treasurer has also proposed allowing foreign ownership of the big four banks
As first home buyer levels continue to sit at record lows in most states, Western Australia has continued to buck the trend.
Overall business confidence saw a sharp increase in the last quarter, while businesses in finance and insurance remain wary.
The MFAA has told an inquiry into ASIC’s performance there is no evidence assertions of “systematic falsifications of details in loan applications” from brokers are true.
A non-bank lender has appointed two new BDMs in Sydney and Adelaide.
The president of an industry body says the recent slew of broker bans brought out by ASIC is not a reflection on members, despite past media hype sullying the industry’s name.
The majors have slammed claims older borrowers are being unfairly denied credit, claiming policies are in place to protect borrowers.