All posts tagged "Home Loans"
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40Australia & NZASIC Offers Guidance on Deferred Sales Model for Add-on Insurance
Starting on 5 October, a four-day pause will be introduced between the sale of a principal product or service and the sale of add-on insurance.
August 2, 2021 -
99KoreaKorea to Introduce 40-Year Mortgages from 1 July
Young adults and newly married couples will be eligible to apply for 40-year home mortgage loans under a government-sponsored programme.
June 24, 2021 -
133Australia & NZASIC Files Criminal Charges Against ME Bank
ME bank made "false or misleading" representations in home loan customer communications and failed to give timely notice of changes to the loan terms.
May 29, 2021 -
241TaiwanTaiwan Central Bank Tightens Controls on Property Lending
Taiwan central bank says the measures are aimed at curbing property hoarding and mitigating speculation by highly leveraged borrowers.
March 23, 2021 -
175Australia & NZACCC Proposes Measures to Improve Mortgage Pricing Fairness
The ACCC recommends that lenders be required to regularly prompt borrowers to review their loan costs and consider switching products or lenders.
December 10, 2020 -
594Australia & NZAustralian Court Orders Penalty Against NAB Over Introducer Programme
The penalty was discounted due to NAB’s cooperation with ASIC and its admissions that it contravened the law by using unlicenced home loan referrers.
October 20, 2020 -
2.8KAustralia & NZASIC’s Loss to Westpac is Terrible for Everyone
Despite its recent Federal Court loss, ASIC was right to appeal the dismissal of its responsible lending case against Westpac, says bank conduct specialist Dr Andy Schmulow.
July 11, 2020 -
425Australia & NZ
ASIC Secures Remediation for Junk Insurance Sales by Banks
ASIC has secured A$160mn in remediation for consumers and plans to take enforcement action against lenders who sold junk consumer credit insurance products.
May 14, 2020 -
565Australia & NZ
ACCC Finds Transparency, Competition Issues in Mortgage Market
The time taken to pass on announced interest rate reductions to customers varied across the big four banks, with revenue being a key motivator. CBA consistently had the longest lag period.
April 27, 2020 -
774Australia & NZAustralian Banks Announce Small Business, Home Loan Relief
Australia's big four banks have each announced reductions in their lending rates, as well as the availability of deferrals of small business and home loan repayments.
March 20, 2020
