All posts tagged "Home Loans"
-
267Australia & NZNew Responsible Lending Laws Take Effect in New Zealand
The new law requires lenders to act responsibly at all times. They can be forced to refund interest, fees and damages for failing to do so.
December 1, 2021 -
101Australia & NZASIC Sues ANZ Over Home Loan Introducer Programme
ASIC says ANZ breached credit laws by accepting customer information and documents from unlicensed individuals, some of which was fraudulent.
November 27, 2021 -
139Australia & NZAPRA Prepares Measures to Rein in Housing Loan Growth
APRA will publish a framework for implementing macroprudential policy to rein in the housing market and curb riskier home loans.
October 1, 2021 -
195Australia & NZAustralia: Members Equity Bank Facing 62 Criminal Charges
ASIC says ME Bank made false or misleading representations about interest rates and repayment amounts to home loan clients.
September 15, 2021 -
192Australia & 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 -
162KoreaKorea 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 -
209Australia & NZ
ASIC 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 -
359TaiwanTaiwan 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 -
204Australia & 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 -
629Australia & 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
