All posts tagged "Home Loans"
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222Australia & 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 -
399TaiwanTaiwan 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 -
212Australia & 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 -
641Australia & 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 -
2.9KAustralia & 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 -
468Australia & NZASIC 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 -
618Australia & 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 -
810Australia & 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 -
453Australia & NZ
Former NAB Branch Manager Sentenced for Home Loan Referral Fraud
Mathew Alwan was permanently banned by ASIC last year and pleaded guilty to ‘intention to defraud’ earlier this year for making false or misleading statements to NAB.
November 21, 2019 -
454Australia & NZ
ACCC Mortgage Pricing Inquiry to Extend Beyond Mortgage Pricing
ACCC chairman Rod Sims reportedly told a parliamentary hearing that bundling products such as credit cards and insurance would form part of the agency’s inquiry.
October 24, 2019
