It has made the decision in order to align itself with evolving industry practice
The bank has been forced to apologise over the last two weeks and CEO Craig Meller stepped down
The move comes at a time when “PAYG and credit impaired customers are affected by the tightening criteria of traditional lenders”.
The measure was introduced in 2014 to help reduce higher risk lending and improve practices
First home buyer numbers have stagnated in the past few months and experts say it's not a case of 'one size fits all' when it comes to luring them into the current market
It's a difficult time for lenders aiming at a flagging mortgage market, so some are offering home loans covering up to 100% of the purchase price - but is it a smart option for borrowers?
One HSBC economist expects the cash rate to reach as high as 3.25% by the end of the year, thanks to Chinese economic recovery
As the moratorium on brokers' claims of independence approaches, the MFAA has issued a submission to ASIC asking the regulator for more time to comply
An industry figure has pointed a finger at the RBA for failing to act quickly enough to stop a fall in home loan approvals
Low inflation and weak job ads data have fueled speculation over a February rate cut