ASIC says it is probing three lenders for credit breaches
The corporate regulator says it is investigating three lenders for possible breaches of consumer credit codes just weeks after it accused banks of erecting “unnecessary barriers” for customers getting help when applying for hardship protections.
“We have three matters under formal investigation, specifically in relation to hardship,” Sarah Court, a deputy commissioner at the Australian Securities and Investments Commission, told a Senate hearing on Tuesday.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles