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| ANZ Implements Stricter Home Loan Policies for Company Borrowers 25 Jan 2026: Paige Estritori In a significant policy shift, ANZ Bank has tightened its mortgage lending criteria for company borrowers, effective from 8 January 2026. This move reflects a broader trend among major Australian lenders to recalibrate risk appetites and credit standards in response to evolving economic conditions. - read more |
| Non-Bank Lenders Intensify Legal Actions as Major Banks Scale Back 25 Jan 2026: Paige Estritori Recent data reveals a notable increase in court enforcement actions by non-bank lenders, coinciding with a reduction in such activities by major banks. This trend signifies a shift in creditor behavior within Australia's financial sector, with non-bank institutions adopting more assertive measures to recover debts. - read more |
| Westpac NZ Launches Special Debt Consolidation Loan to Alleviate Post-Holiday Financial Strain 25 Jan 2026: Paige Estritori In response to concerns about post-holiday financial stress, Westpac New Zealand has introduced a special debt consolidation personal loan with an interest rate of 11.95% per annum. This initiative aims to assist customers in managing debts accrued during the festive season and to alleviate associated financial pressures. - read more |
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