ASIC action sees BMW Finance pay $77 million in Australia’s largest consumer credit remediation program ASIC has accepted an Enforceable Undertaking (EU) from car financier, BMW Australia Finance Limited (BMW Finance), which will see BMW Finance implement Australia’s largest consumer credit remediation program to compensate customers for its responsible lending failures. BMW Finance provides motor […]

Edited words from Mark Bouris. Last week I was involved in an event called National Finance Brokers Day, which made me stop and think. In the midst of historical low rates, more home loan products available than ever before and the real estate market a perpetual topic of conversation for all Australians, I thought we […]

Over the past years the banks, prompted by regulators and the Royal Commission, have made it more difficult to get an investment loan. So, you may want to seek a second opinion on whether your loan approval still stands. Here is what has happened. Prompted by historic pressure from the Australian Prudential Regulatory Authority (APRA) […]

The Good.  Dental procedures appear cheap For many people holidays involve sun, surf and beaches, and a cocktail by the pool. But for increasing numbers of people, they also mean a chance to get some dental work done ‘on the cheap’ overseas, part of a trend popularly known as “dental tourism”. The decision to become a […]

Many borrowers probably heaved a sigh of relief recently when the Reserve Bank announced its rate cut. With interest rates at record low levels, debt is probably more manageable now than it has been in decades. But not all borrowers felt the same amount of  “LOVE”; some banks have not passed on the rate cut […]