banking regulator

Westpac will lower the stress test for homeowners looking to refinance in a bid to help borrowers avoid “mortgage prison”.Nearly 900,000 Australians who secured record low interest rates on a fixed term mortgage during the Covid-19 pandemic…

Desperate locals in a low-income part of regional Victoria have detailed how the mass closure of bank branches in their area has negatively impacted their community.A Senate inquiry into regional and rural bank closures was held in Sale,…

Since the RBA first began raising interest rates in May last year, it has come under a great deal of criticism for raising rates much earlier than its previous commentary had suggested. The broader narrative was that it was highly unlikely…