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Credit union halts all new investment lending

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Miklos Bolza | 05 Apr 2017, 08:25 AM Agree 0
The move comes as a result of a surge in investment lending applications spurred on by tighter lending restrictions at other institutions
  • David Ryan | 05 Apr 2017, 10:22 AM Agree 0
    Is APRA really that dumb to think stopping the smaller lenders from competing against the big Banks is good for the consumer? Do they also think that if CUA stops investment lending, that the lending simply won't go ahead? Of course it will go ahead but with a different lender. APRA achieve nothing but upward pressure on interest rates due to the lack of ability of lenders to compete vigorously.
  • Broker | 05 Apr 2017, 02:31 PM Agree 0
    Well done APRA , take a bow !
  • How dumb are these managers | 05 Apr 2017, 03:03 PM Agree 0
    Imagine being a loyal customer and finding this out while your application is in the queue to be assessed.? Why not pull other levers to slow things down before you get to the radical step of not accepting application. Staggeringly DUMB management.
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