Predators - Where Are Our Financial Watchdogs?

ASIC - "Not Enforcing The Law"

Summary: 

Banks and brokers are involved in widespread fraud. Loans are being given out almost willy nilly - often to people who can't afford them. The loan officer gets a bonus and lines up for a promotion. The bank victims have their lives destroyed. ASIC and its external dispute resolution arms FOS and COSL look on. It's time they acted in the people's interests.

Article Information
Category: 
Banking Company: 
Banks in General
Bank Malpractice Type: 
Predatory Lending
Corruption
Unconscionable Conduct
Author: 
Philip Soos - Deakin University
Source: 
The Conversation
Date First Published: 
17 Aug 2012
Posted By
Peter Brandson
Peter Brandson's picture

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