NAB penalised for CDR failures

National Australia Bank has paid penalties after the ACCC issued it with four infringement notices for alleged contraventions of the Consumer Data Right Rules. read more

ASIC probes mortgage brokers

ASIC is on the hunt for evidence of predatory lending fostered by mortgage brokers, with the regulator gathering data at this stage. read more

Banking review report due by 1 July

The Council of Financial Regulators says it plans to provide its report of its Review into small and medium-sized banks, conducted with the ACCC to the government by July 1st. read more

Curb reliance on brokers: S&P

Curbing their reliance on mortgage brokers could allow Australian banks to boost their net interest margins and profitability, S&P Global Ratings argue in a report on the sector. read more