ANZ sued for home loan referrals programme.

M2 EQUITYBITES-November 26, 2021--ANZ sued for home loan referrals programme


Global Banking News - 26 November 2021

Australian corporate regulator, ASIC, has sued banking firm ANZ (NYSE: ANZ) for its home loans referral programme.

ANZ has been taken to task for breaches of the Credit Act. The firm had been running a referrals programme through its home loan 'introducer programme.'

The program involved home loan referrals to ANZ from third party 'introducers.'...

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