A former mortgage broker – who is now facing fraud charges – has blown the whistle on predatory lending practices in Australia’s financial services industry.
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The level of sub-prime mortgages in Australia may be far in advance of what was previously assumed and provided for by banks. The story was broken on the ABC, and covered elsewhere. The revelations centred…
To ensure a sound financial system, policymakers should balance the twin objectives of stability and competition.
Reactions to my call this week for another inquiry into Australia’s financial system have been mixed. Most commentators seem to accept that there’s logic in having another inquiry, even if some think…
Banks behaving badly: ensuring banks' sustainability reports are accurate and credible will go some way in restoring public confidence.
AAP
“Events over the past couple of years have raised profound questions about the ways in which banks and businesses contribute to society. For both to play their full part, they must restore trust and become…
HSBC chief executive officer Irene Dorner testifies before the US Senate about allegations of money laundering within HSBC.
AAP
Recent news that HSBC executives admitted to allowing Iran, terrorists and drug dealers to launder nearly USD$16 billion over a six-year period would make earth underneath you shake.
How is that the bank…
Good financial inclusion measures will protect consumers from predatory lenders.
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The Australian government has begun to focus on the issue of financial inclusion, as reflected by an allocation of $60.6 million in this year’s federal budget.
This follows earlier government support…
