CBA supportive of proposed Banking Code changes
Changes will affect vulnerable customers, guarantors, and small businesses
Source: brokernews.com.au
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BCCC calls for brokers to check prospective guarantors
The Banking Code Compliance Committee has suggested that all banks should require brokers to provide assurances that prospective guarantors are fully informed before they enter into a guarantee. A new
Source: theadviser.com.au
MFAA cautions against increasing broker responsibility for guarantor loans
Should brokers declare if someone is financially fit to be a guarantor?
Source: brokernews.com.au
BCCC recommend banks increase guarantor controls on brokers
Controls designed to protect consumers
Source: brokernews.com.au
Banking Day
A Banking Code Compliance Committee inquiry finds there has been considerable improvement in the way banks handle their loan guarantee obligations, but the BCCC wants to see further progress.
Source: bankingday.com