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In 2018, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry heard that ANZ had failed to accurately verify the living expenses of home loan customers referred to the bank by mortgage brokers, believing that this was the responsibility of the brokers, in spite of a conflict of interest in doing so ...
The Royal Commission heard that ANZ had failed to accurately verify the living expenses of home loan customers referred to the bank by mortgage brokers, believing that this was the responsibility of the brokers, in spite of a conflict of interest in doing so; [70]: 465–469 [71] and that, due to processing issues, it had charged nearly 500,000 ...
The crux of the allegations is that Smith obtained a $95m loan from ANZ Bank by pledging the assets of two Opes Prime companies, but that the loan was actually used to prop up the financial position of Leveraged Capital, a company of which Smith was a director and shareholder. [38]
Loans, medical debt and credit card debt are generally all able to be discharged through bankruptcy. Tax debt, alimony, spousal or child support and student loans are all typically ineligible for ...
Key takeaways. Business bank loans offer flexible terms and attractive interest rates. Businesses should expect longer waiting periods for approval and slower funding times when applying for a ...
Pros and cons of a bank business loan. Most types of business loans from banks generally offer attractive terms. But like any type of business loan, there are pros and cons to consider before ...
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