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Comprehensive credit reporting (CCR) as part of a government-initiated industry change to provide a more complete picture of consumers' credit history. Customers will now see new information on their credit report. A credit report previously contained any credit enquiries, defaults and serious credit infringements. The additional information shared for CCR includes account open and closed dates, types of credit, credit limits and up to 24 months of repayment history information.

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Following the news that the mortgage broker channel has claimed a record percentage of the home loan market share, the MFAA has forecasted that business will continue to pick up momentum – at an even faster rate. The association expects broker market share will reach a figure as high as 75 per cent over the next five years.

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The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders.

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