Stock Groups

Australia’s securities regulator sues ANZ over home loan referrals -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO : Commuters stroll past an ANZ Bank branch in Sydney (Australia), April 23, 2018. REUTERS/Edgar Su

(Reuters) – Friday’s Australian Securities and Investments Commission (ASIC), announced that legal proceedings were initiated against Australia and New Zealand Banking Group, for home lone referals under its introducer program.

The regulator added https://asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-318mr-asic-sues-anz-over-introducer-program-home-loan-referrals that between June 2016 and March 2018, ANZ breached consumer protection credit laws by accepting customer information and documents from introducers and other unlicensed individuals, when this was not allowed.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]