News

Big banks to sign landmark data sharing agreement
19 September 2018

The major banks have agreed to share customers’ repayment history with each other in a landmark deal aimed at improving customer credit quality assessments.

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RBA confidence in the economy remains despite high household debt
13 September 2018

Positive employment figures and the robust economy are providing the RBA assurance that the household debt that has been built in the country is not about to collapse.

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NAB the first of the big four to change broker commissions
11 September 2018

The NAB’s changes mean they will calculate the upfront commission a broker receives for a home loan based on the amount the drawn rather than the total approved and net of any offset facility.

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Third major bank lifts home loan rate this week
07 September 2018

The Commonwealth Bank has joined two other majors and lifted its home loan interest rate.

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ASIC agrees to new banking code
06 September 2018

Corporate regulator the Australian Securities and Investment Commission and the Australian Banking Association have settled on a revised Code of banking Practice.

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