The major banks have agreed to share customers’ repayment history with each other in a landmark deal aimed at improving customer credit quality assessments.
News
RBA confidence in the economy remains despite high household debt
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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.
NAB the first of the big four to change broker commissions
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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.
Third major bank lifts home loan rate this week
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07 September 2018
The Commonwealth Bank has joined two other majors and lifted its home loan interest rate.
ASIC agrees to new banking code
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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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