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ASIC won't stop age discrimination: Iden

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Australian Broker | 11 Apr 2011, 06:00 AM Agree 0
Age discrimination by lenders will still occur regardless of new ASIC guidance, a mortgage manager has claimed
  • Judy West | 21 Apr 2011, 11:11 AM Agree 0
    I believe ASIC's updating of RG209 has given sufficient guidance to lenders in the area of older borrowers. In fact I think ASIC is doing a fine job in the implementation of the new legislation. It does not alter the fact that several banks are still discriminating against this group. Perhaps it is time for Anti Discrimination Commission or Financial Services Ombudsman to get involved.
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