Feb 10, 2020
Four benefits of becoming a credit representative
The regulatory environment has changed, and it is much harder today for Australian Credit Licence (ACL) holders to meet their compliance obligations. Regulators and lenders are expecting more meaning more time invested by ACL holders, and therefore increased costs.Compliance
Jun 04, 2018
Compliance update - Assessing rental income for loan servicing
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has already caused lenders to change the way they assess credit applications.Compliance
Feb 27, 2017
Updated compliance documentation for asset finance - Arriving in Mercury March 3
We’re now updating your compliance documentation to ensure you’re equipped with the tools and resources you need to meet and maintain your compliance obligations and protect your business whilst writing your asset finance deals.Compliance
Oct 24, 2016
Compliance insights - Thinking about adding Reverse Mortgages to your offer?
Join Francesca Modica, Connective Compliance Support Manager, as we delve into the what, why and how of adding home equity release loans (such as Reverse Mortgages) to your offer. Read on.Compliance
Jul 22, 2016
Are you using the Compliance Serviceability Calculator?
APRA has provided guidance to lenders on serviceability assessments aimed at strengthening mortgage lending standards. However, APRA’s guidelines are not enforceable or binding and how lenders apply the recommendations varies greatly from lender to lender.Compliance