Australia's securities regulator sues ANZ over home loan referrals
Add BT as a preferred sourcePublished Thu, Nov 25, 2021 · 11:16 PM
[BENGALURU] The Australian Securities and Investments Commission (ASIC) on Friday said it commenced legal proceedings against Australia and New Zealand Banking Group for home lone referrals under its 'introducer programme'.
The regulator added that between June 2016 and March 2018, ANZ breached consumer protection credit laws by accepting customer information and documents from introducers and other unlicensed individuals, when this was not allowed.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
