Consumer lending (560 items)

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Comment: Broker reform exposing industry rifts

A potentially bitter public stoush is about to erupt between consumer advocates and industry groups over mortgage broker commissions.In a submission to the government this week, CHOICE is expected to call for a blanket ban on all trail and bonus commissions to address concerns raised by the Australian Securities and Investments Commission that these payments create conflicts of interest for brokers. read more

Major banks outpaced on retail deposits

Research conducted by Mozo has identified sustained price leadership as the main driver of impressive deposit gains posted this year by a clutch of regional and customer-owned banks. The latest monthly banking statistics published by the Australian Prudential Regulation Authority show that non-major banks continued to win market share from the majors in retail deposits. read more

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