Look after borrowers doing it tough, ASIC warns banks
Ronald MizenSenior reporter
The corporate watchdog has written to the chief executives and boards of 30 Australian lenders, including the big four banks, warning they must offer adequate support to customers facing financial stress.
The Australian Securities and Investments Commission also announced it was reviewing 10 large home lenders to understand their financial hardship supports. The results will be made public next year.
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