Monitoring Bad Lending Practices

With the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has been lifting the lid in poor lending practices particularly the reported breach of the Credit Code.

The Bank Code Compliance Monitoring Committee (BCCMC) has just release a report into the breaches by lenders. Please take the time to read this report.

http://www.ccmc.org.au/2018/06/28/media-release-independent-monitor-investigates-banks-code-breach-reporting/