All posts tagged "ABA"
-
554Australia & NZAustralia Prepares to Abolish Responsible Lending Obligations
Lenders will no longer have to assess borrowers' earnings and expenses to determine whether they can afford to repay their debt without hardship.
September 28, 2020 -
693Australia & NZAPRA Extends Regulatory Approach For Covid-19 Loan Deferrals
APRA will also allow banks to treat loans restructured by 31 March 2021 as 'performing' for capital and regulatory reporting purposes.
July 8, 2020 -
455Australia & NZABA Temporarily Amends Banking Code in Light of Covid-19
The changes related to the timelines for customer communication outlined in the Code, and to banks’ obligations when lending to small business customers.
June 29, 2020 -
615Australia & NZAustralia: Banks Fail to Pass Rate Cuts to Credit Card Customers
The credit cards with the largest rate increases are those backed by Citigroup, Members Equity Bank, Police Credit Union, and ANZ, according to consumer advocacy group CHOICE.
June 11, 2020 -
702Australia & NZAussie Majors to Provide Bridging Loans to Businesses Awaiting Subsidies
ANZ, NAB, Westpac and CBA have agreed to set up new dedicated hotlines and expedite the processing of bridge financing applications as businesses wait to be paid wage subsidies.
April 24, 2020 -
454Australia & NZAustralia Commences Coronavirus SME Guarantee Scheme
The 50% government guarantee under the scheme enables lenders to offer loans to SMEs "cheaply and more freely compared to ordinary business loans".
April 12, 2020 -
298Australia & NZAustralian Banks Extend Loan Deferrals to More Businesses
The ABA's small business relief package will be extended to larger businesses, including commercial property landlords who agree not to terminate leases or evict tenants.
March 31, 2020 -
1.8KContributed ArticleNow More than Ever: The Need for Reliable Conduct Risk Metrics
The demands being imposed on the global banking system highlight the Achilles Heel of nonfinancial risk management and, particularly, misconduct risk, says Stephen Scott at Starling.
March 21, 2020 -
642Australia & NZ
Australian Banks Announce Small Business, Home Loan Relief
Australia's big four banks have each announced reductions in their lending rates, as well as the availability of deferrals of small business and home loan repayments.
March 20, 2020 -
435Australia & NZAustralia Announces A$17.6b Economic Stimulus Package
Treasurer Josh Frydenberg held talks with banks ahead of the announcement urging them to do their part to help businesses make the most of the new measures.
March 13, 2020
