A PNB Housing statement said that both the financial institutions will synergise their capabilities to provide an efficient and seamless experience to existing and new retail home loan customers. PNB
There are certain groups that have not only experienced job loss in their household, but they are having to take on debt those are things that have consequences for their future, said Juliana Horowitz, one of the authors of the report.
Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom and soaring wealth for those at the top.
This so-called K-shaped recovery has split the nation nearly in half, with the wealthiest Americans faring even better than before, while millions more have faced setbacks.
Lower-income adults, as well as Black and Hispanic Americans and those under age 30, were the most likely to say they or someone in their household lost a job or suffered a pay cut since the coronavirus outbreak began, Pew found.
ANZ fined $280,000 by High Court for misleading customers over credit card insurance policies
5 Mar, 2021 05:50 AM
4 minutes to read
ANZ has refunded the majority of its affected customers and compensated them for interest charged. Photo / File
New Zealand s largest bank has been fined $280,000 by the High Court for misleading hundreds of customers over credit card insurance policy breaches hiding in plain view .
ANZ New Zealand (ANZ) accepted it violated the Financial Markets Conduct Act 2013 (FMCA) as part of a resolution with the Financial Markets Authority (FMA) after legal proceedings were filed by the regulator in June last year.
The bank charged customers for credit card repayment insurance (CCRI) which offered no cover or benefit and issued duplicate policies between April 2014 and November 2019.
Turkey's parliament approved regulation this week governing the interest-free funding market for housing, clearing the way for a possible boom in a system that has already drawn around 300,000 customers keen to avoid sky-high interest rates.