All posts tagged "Home Loans"
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719Australia & NZNew Zealand to Probe Lenders on Application of New Lending Rules
The government has asked the Council of Financial Regulators to bring forward an investigation into whether lenders are implementing the new lending rules as intended.
January 21, 2022 -
1.1KAustralia & NZAustralian Treasury Confirms Plans to Expand Consumer Data Right
Action initiation functionality will be applied first in the banking sector to enable the development of new, competitive and consumer-focused payment services.
December 23, 2021 -
364Australia & NZAPRA Outlines Considerations for CCyB Decisions
APRA confirmed that the CCyB would be set at the new default level of 1 percent of RWA from 1 January 2023, a feature of the new bank capital framework.
December 22, 2021 -
463Australia & NZNZ FMA Files Suit Against Kiwibank for Overcharging Customers
Between September 2005 and March 2020, some 35,000 home loan customers were overcharged a total of NZD 1.1 million.
December 10, 2021 -
404Australia & 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 -
234Australia & 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 -
193Australia & NZ
APRA 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 -
327Australia & 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 -
246Australia & 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 -
287KoreaKorea 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
