Its time the regulators ASIC and APRA investigated present major Lenders and cleaned up the unaffordable lending activity before other players are granted a licence to enter into this dark arena. Consumers need an urgent fair go. A Royal Commission is vital to find out how so many unaffordable loans were approved (approx 200,000) during the past fourteen years under ASIC's "watch!" The Major Banks made a motza of money promoting toxic loans using toxic lending policies and reduction of standards, with acceptance of fraud as the "norm." Now Coles and Woolies are saying "we TOO!" This email address is being protected from spambots. You need JavaScript enabled to view it.
Woolworths takes another step closer to mortgages
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by Adam Smith | 30 Jul 2014
http://www.brokernews.com.au/news/breaking-news/woolworths-takes-another-step-closer-to-mortgages-190189.aspx
The supermarket financial services war is on, as Woolworths has telegraphed its next move into the sector, which could include mortgages.According to a Fairfax report, Woolworths has trademarked the brand Woolworths Money. The trademark covers a range...
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Blog posts tagged in Lazy APRA
Its time the regulators ASIC and APRA investigated present major Lenders and cleaned up the unaffordable lending activity before other players are granted a licence to enter into this dark arena. Consumers need an urgent fair go. A Royal Commission is vital to find out how so many unaffordable loans were approved (approx 200,000) during the past fourteen years under ASIC's "watch!" The Major Banks made a motza of money promoting toxic loans using toxic lending policies and reduction of standards, with acceptance of fraud as the "norm." Now Coles and Woolies are saying "we TOO!" This email address is being protected from spambots. You need JavaScript enabled to view it.
Woolworths takes another step closer to mortgages
inShare
by Adam Smith | 30 Jul 2014
http://www.brokernews.com.au/news/breaking-news/woolworths-takes-another-step-closer-to-mortgages-190189.aspx
The supermarket financial services war is on, as Woolworths has telegraphed its next move into the sector, which could include mortgages.According to a Fairfax report, Woolworths has trademarked the brand Woolworths Money. The trademark covers a range...
Now the true warnings are about to appear on mass as everyone ducks for cover. APRA has just woken up as to how Mortgage Fraud invades and destroys economies around the globe. Welcome to the real world Mr Laker and the new guy. Its been under your noses for 14 years..........Will you then say like American regulators: "we did not see this (GFC) coming? BFCSA kept sending out warnings backed by the date. ADI's is a fancy name for Major Banks.
These APRA figures have been ditto back 10 years!!!! 97% LVR loans and also INTEREST ONLY LOANS to ARIP's. Australian Regulators have been in SNOOZEVILLE for their ten year slumber party. Where does APRA get its figures from? THE BANKS of course. Then Naylor blurts out that regulators are certainly aware of these issues. Yes Phil and you were guilty of same covering up of true situation but...
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Banks give APRA fudged figures
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RBA using fudged figures from APRA
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Oh thankyou Mr Kusher. It brings me a great deal of comfort to know that “These mortgages are typically insured". What a relief -
Thanks to ASIC the Aussie dream of home ownership has been decimated - no longer called rags to riches and eventual security but a
Commbank (CBA, Commonwealth Bank), Ian Narev, ASIC, receivers, Bank of Queensland, FOS, COSL (Ombudsman) are one big happy family that protect each other. What about your protection from them?
Compliments from Whistleblower001 :
http://www.youtube.com/watch?v=twuTszAHrvY
1:47 min. duration and well worth watching. Definitely ccmpulsory viewing for CommBank Board...............we are coming after you lot.
ED: Highly recommended you watch. Very Clever: It shows whose in bed with whom. One BIG FAMILY OF MALE MOBSTERS and the very GENE POOL we have been warning about....
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The CBA "wealth package" is well named. It will certainly steal your wealth.
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Very interesting clip John.....as the saying goes......[/b]IF YOU LAY DOWN WITH DOGS, YOU'LL GET UP WITH FLEAS
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As each day passes, the once tiny cracks get wider and wider while each polluted member of this happy family become more concerned
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Any wonder they really believed they could get away with it, they're all in bed together. The cases with FOS should all be frozen,
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With the club of Crooks: ASIC , the Banks ( in my case the CBA and ANZ ) , BFSO, FOS and any others you can think of, being so tig