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Showing 21 - 30 of 201 results for %22Loan Protection%22

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... insurance, with the bank to plead guilty. The charges relate to CBA's promotion and sale of CreditCard Plus and Loan Protection policies as an add-on insurance product in branches, by telephone and online. ASIC alleges that between 2011 and 2015, CBA ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... in Federal Court, facing criminal charges for allegedly making false and misleading representations in letters to its home loan customers. It is also alleged that the bank failed to provide written notice about annual interest rate and repayment amount ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... "consumer-centric approach" to the design and distribution of products. Templates are available for life insurance; income protection insurance; trauma insurance; TPD insurance; superannuation master trusts (choice products); superannuation wraps; funds ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
Eradicating the Statement of Advice and the safe harbour steps are two recommendations that will help reduce red tape and make financial advice more affordable, according to the Financial Services Council. The financial services' peak body has laid ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... promoted with credit cards and lines of credit to customers, under the bank's Credit Card Repayment Protection and Flexi-Loan Repayment Protection policies Between 7 April 2015 to 28 July 2015, ASIC claims the bank sold the products under false and misleading ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... inaccurate, according to law firm Allens. "While the modifications are welcome, in that they may provide a measure of protection in civil proceedings where a listed company decides against updating the market as to its earnings outlook because of the ...

Key finance figures in Biden Cabinet

ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... deputy secretary of the Treasury, reporting to Yellen. Adeyemo was the first chief of staff for the Consumer Financial Protection Bureau and serves as president of the Obama Foundation. He was the senior international economic adviser during the Obama ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... were partly offset by decreases in federal government spending (reflecting fewer fees paid to administer the Paycheck Protection Program loans) and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased. ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
National Australia Bank has been ordered to pay $15 million for dealing with unlicensed home loan introducers, as revealed at the Royal Commission. ASIC brought proceedings against NAB for contravening the National Consumer Credit Protection Act, which ...

BABL named, shamed over Great Southern

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... consideration to a number of factors, including the seriousness of the breaches and their likely impact on Great Southern Loan customers," BCCC independent chair Ian Govey said. "We acknowledge the work the bank has undertaken to date to address the ...