Tighter lending restrictions and increased pressure on banks from the royal commission mean it’s getting tougher to get a loan. So what are lenders looking for when they review a loan application?
Not only were customers misled, overcharged and paid millions of dollars for services they never received but AMP made at least 20 false statements to ASIC.
Next time friendly bank staff want to help you with your money, consider this: 75% of advice given to customers wasn’t in the client’s best interests, according to an ASIC review of the big four banks and AMP.
Paying for a car or another big purchase? Bank cheques can be costly if you don’t do your research, with charges ranging from $0 to $15.
Like them or loathe them, our big banks have an impressive track record as a solid investment. But could the banking royal commission leave the banks – and their shareholders – nursing financial wounds?
Mozo director Kirsty Lamont looks at just what this inquiry into the banks will mean for consumers.
If you’ve ever made a late payment on a loan or credit card, your bank could soon be forced to tell other lenders, and you could face higher interest rates.
Free ATM access. A home deposit savings account. A new credit card interest rate. CBA is rolling out a series of new offers in a bid to retain customers, but is it enough?