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Losing interest rate floor has led to 'bad outcomes' for many Australians, says former senior bank regulator

The scrapping of the interest rate floor five years ago has led to "bad outcomes" for many Australians who secured ultra-cheap home loans during the pandemic and are now facing a fall over the mortgage cliff, says a former head of credit risk at the nation's financial regulator.  ....

New South Wales , Josh Frydenberg , Shayne Elliott , Glenn Homan , Stephen Whelan , University Of Sydney , Australian Prudential Regulation Authority , Wayne Byres , Cnbc Investigations , Len Homan , Home Loans ,

In Ian's wake, worried families crowdsource rescue efforts

Many people whose loved ones stayed behind in the pathway of Hurricane Ian are crowdsourcing rescue efforts as they grapple with the helplessness of waiting and not knowing. ....

United States , Hannah Foltz , Kingman Schuldt , Heather Donlan , Erik Villa , International Association Of Fire Chiefs , Hurricane Ian , International Association , Fire Chiefs ,