'Unethical' banks under scrutiny as royal commission returns
Clancy Yeates & Cara Waters |
21 May 2018
Senior conservative figures have criticised the big banks for their aggressive treatment of some small businesses, with the royal commission expected to reveal more examples of irresponsible lending and harsh loan enforcement this week.
Business lending and the policing of loans will be the focus of the next round of the financial services royal commission in Melbourne. Senior counsel assisting the commission Rowena Orr and Michael Hodge are likely to focus on the impact of overzealous lending and enforcement when customers provided guarantees involving their property and other assets.
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