An ASIC review of low doc home loans has found that lenders have tightened their lending practices following the introduction of responsible lending laws.
ASIC has slapped two major banks on the wrist over misleading advertising
ASIC has issued a four year ban to a Melbourne broker over falsified documents
ASIC has permanently banned a Victorian finance broker for providing misleading information and a lack of full disclosure on his credit licence application
ASIC has taken aim at two payday lenders, alleging they have shirked responsible lending obligations
The third broker to be punished in less than a week is a former NSW-based mortgage broker, convicted of falsifying loan application documents to secure almost $3.8m worth of home loans