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Banking code breaches double, credit assessment problem area

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Australian Broker | 18 Dec 2013, 07:46 AM Agree 0
​Breaches of the Code of Banking Practice have almost doubled in the past year, with breaches in credit assessment increasing 260%.
  • Country Broker | 18 Dec 2013, 09:23 AM Agree 0
    Terrifying , It may be off shore assessment is not as good as many had assumed it could be
  • Coast Broker | 20 Dec 2013, 01:10 PM Agree 0
    It states 2 Banks made up 72% of all reported breaches but makes no mention of who they are and there is nothing on the Website for the CCMC as to who they are. It would be nice to know. Otherwise we may guess the wrong ones. I personally would like to know so I can consider if they may cause breaches to the code for my clients.
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