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Showing 1 - 4 of 4 results for "Home Loan Protection"

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... provision is in addition to its remediation provisions for Credit Card Plus, Personal Loan Protection and Home Loan Protection insurance. Finally CBA will put $55 million towards transaction and separation costs in relation to the sale of CommInsure ...

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
... about 65,000 customers, with an average refund of approximately $154 including interest. - Refund for some Home Loan Protection insurance customers - in 2016, CBA identified that some customers who had purchased Home Loan Protection insurance had been ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... refunding approximately $586,000 in premiums to about 10,000 customers after it over-insured these customers for Home Loan Protection CCI taken out with a Commonwealth Bank home loan, resulting in the over-charging of premiums. ASIC deputy chair Peter ...

Westpac to refund unwanted insurance

ALEX BURKE  |  THURSDAY, 29 OCT 2015
... where they did not intend to be covered. The ASIC review covered customers who took out Mortgage Secure or Home Loan Protection insurance policies when applying for home loans; the regulator found that Westpac was charging premiums even when customers ...
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