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Showing 31 - 38 of 38 results for "Consumer Credit Insurance"

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
... employees millions of dollars. Hours after the bank was forced to refund more than $10 million for mis-sold consumer credit insurance to more than 65,000 customers, and chair Catherine Livingstone announced Ian Narev would retire from the top job by ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... bank takes a separate blow in its insurance arm, forced to refund more than $10 million for mis-sold consumer credit insurance to more than 65,000 customers. According to ASIC, CBA sold 'CreditCard Plus' insurance for credit card repayments to customers ...

Aussie banks cleared of Wells Fargo-type conduct

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
... accounts had been opened. While systemic illegal misconduct was not identified, the audits highlighted consumer credit insurance (CCI) as a standout product for customer complaints and at heightened risk for sale without proper informed customer consent. ...

Insurer must refund $330k

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... more than 500 customers. In a release issued by the regulator, Virginia Surety was said to have sold consumer credit insurance - a bundled add-on insurance product which includes general and life insurance cover - through The Warranty Group Australasia ...

NAB appoints independent customer advocate

KERRIE SYDEE  |  TUESDAY, 12 JUL 2016
... for selling and providing advice on products such as transaction accounts, general insurance products, consumer credit insurance, mortgages, personal loans, credit cards and small business loans. Former Australian public service commissioner, Stephen ...

Parliament repeals key FoFA amendments

LAURA MILLAN  |  TUESDAY, 24 NOV 2015
... other simple and well-understood financial products. Sections that will remain include the provision for consumer credit insurance to be included in the conversation a bank employee has with a customer, the clarification of the application of the client-pays ...

Direct life outpaced by group sector

ALEX BURKE  |  THURSDAY, 1 OCT 2015
... insurers who cannot leverage scale, will continue to find it challenging to grow," she argued. "Outside of consumer credit insurance, the direct market remains dominated by two major players, and although Rice Warner sees steady growth from smaller insurers ...

BOQ buys St Andrews insurance

COMPANY RELEASE  |  MONDAY, 29 MAR 2010
... Andrew's Insurance from the Commonwealth Bank of Australia. The deal means Bank of Queensland to buy the consumer credit insurance and life insurance products that St Andrews distributes. St Andrew's has a annual gross written premium of $75 million ...
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