Monday, 25 May 2015

Bank of Queensland and home loan credit checks - links to Westpac Banking Corporation

Bank of Queensland making headlines again. The Australian Securities and Investments Commission has raised concerns with the bank over the way it assessed home loan applications. ASIC should have a word to Bank Reform Now friend Michael Sanderson who knows all about BOQ procedures especially the Dodgy Valuation rort.
Bank of Queensland has moved to apply more thorough affordability checks for home loans, after the corporate regulator found its processes did not comply with responsible lending laws.
SMH.COM.AU

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