overdrafts

fca-building

FCA launches call for input on high-cost credit and overdrafts

29/11/2016(0)
Since taking over regulation of consumer credit in April 2014, the FCA has focused on products that it believes pose the highest risks to its consumer protection objective. One ... Read More
ASIC_regulator

ASIC: CBA pays $180,000 in penalties and will write off $2.5 million in loan balances

14/09/2016(0)
Commonwealth Bank of Australia (CBA) has paid four infringement notices totalling $180,000 in relation to breaches of responsible lending laws when providing personal overdraft facilities. CBA reported this matter ... Read More
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