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.
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