The Australian Securities & Investment Commission (ASIC) has handed Commonwealth Bank of Australia (CBA) four infringement notices totalling $180,000 in relation to breaches of responsible lending laws
The Mortgage & Finance Association of Australia (MFAA) has welcomed the findings of a review into interest-only lending by the Australian Securities & Investment Commission (ASIC)
Australia’s home loan industry has improved its standards around interest-only loans, but still has work to do according to ASIC
ASIC has permanently banned a former finance broker from engaging in credit activities and providing financial services after she entered a guilty plea to three criminal charges.
An appeal by a banned Victorian mortgage broker has been thrown out by the Federal Court of Australia
A former Aussie mortgage broker has been banned from the credit and financial services industries following her conviction of home loan fraud