Banking Royal Commission could spark a credit crunch that drags down wider economy, UBS analysts say

Banking Royal Commission could spark a credit crunch that drags down wider economy, UBS analysts say

Posted March 24, 2018 05:50:39 Photo: Credit conditions could become far tighter following the banking royal commission. (ABC News: Michael Barnett) It has just been going just two weeks but the royal commission into the banks has had a vastly more material impact than most observers expected. Key points: Tighter …

Peter Beattie insists Australian Rugby League Commission reform will go ahead

Peter Beattie insists Australian Rugby League Commission reform will go ahead

Updated March 12, 2018 17:55:17 Photo: Peter Beattie faces an uphill battle to initiate reform as the ARLC new chairman. (AAP: Brendan Esposito) Australian Rugby League Commission (ARLC) chairman Peter Beattie says he will again push for constitutional reform within a year, after three clubs voted against making immediate changes …

Banking royal commission highlights the conflict of interest at heart of mortgage broking

Banking royal commission highlights the conflict of interest at heart of mortgage broking

Updated March 23, 2018 17:30:37 Video: ‘Who’s the agent for who?’: Mortgage brokers in the spotlight at royal commission (ABC News) Related Story: Mortgage brokers do the ‘heavy lifting’, but may not save you money Cash envelopes filled with bribes, problem gamblers getting credit extensions and a bank manager transferring …

ARL Commission boss Peter Beattie sorry for failing to name Cronulla Sharks

ARL Commission boss Peter Beattie sorry for failing to name Cronulla Sharks

Updated March 13, 2018 12:41:52 Video: Peter Beattie can’t name Cronulla Sharks (ABC News) Related Story: ‘We’re not dealing with wimps’: Peter Beattie insists ARLC reform will happen The Cronulla Sharks must be wondering what they have to do to get recognised in rugby league’s halls of power. New ARL …

AFLW Bulldogs captain Katie Brennan to challenge rules at Human Rights Commission

AFLW Bulldogs captain Katie Brennan to challenge rules at Human Rights Commission

Posted March 23, 2018 11:04:28 Western Bulldogs captain Katie Brennan has filed proceedings with the Australian Human Rights Commission over her suspension from Saturday’s AFLW Grand Final. Brennan was banned for one week for her sling tackle on Melbourne’s Harriet Cordner in round seven. In a statement, the club said …

Banking royal commission: Commonwealth Bank offered gambler credit card limit increases

Banking royal commission: Commonwealth Bank offered gambler credit card limit increases

Updated March 22, 2018 18:57:46 Video: Gambling addict says CommBank offered him credit limit increases (ABC News) The Commonwealth Bank continued to offer card limit increases to a young man deep in credit card debt after he told them he had a gambling problem. Key points: David Harris racked up …

Banking royal commission hears from ANZ witness who ‘wasn’t in the business at the time’

Banking royal commission hears from ANZ witness who ‘wasn’t in the business at the time’

Updated March 22, 2018 14:34:29 Photo: ANZ says 85 per cent of car lending stems from “third party intermediaries”. (AAP Image: Sergio Dionisio) Related Story: Casual worker falls victim to new car loan ‘scam’ Related Story: Westpac’s ‘unacceptable’ car loan policies under spotlight at royal commission The financial services royal …

Banking royal commission: Westpac’s ‘unacceptable’ car loan policies under spotlight

Banking royal commission: Westpac’s ‘unacceptable’ car loan policies under spotlight

Posted March 21, 2018 20:06:02 Westpac has told the banking royal commission a Bank of Melbourne car loan granted to a carer in 2012 which she could not afford to pay back would not have been approved today. Key points: Nalini Thiruvangadam earned $350 per fortnight and was signed up …

Banking royal commission: ANZ says ‘processing errors’ to blame for it overcharging customers by $90 million

Banking royal commission: ANZ says ‘processing errors’ to blame for it overcharging customers by $90 million

Posted March 21, 2018 14:19:16 ANZ has told the banking royal commission that continued processing errors saw it charge customers the wrong amount of interest and fees on their home loans to the tune of at least $90 million. Key points: Customers have been refunded $75 million so far for …