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

Nalini Thiruvangadam told the commission she had wanted to buy a new car for her job looking after elderly people because her old car caught fire while she was driving, but she could not get a bank loan because of an unpaid credit card. The personal care attendant found a car dealer about 50
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Vida Homeloans, which launched in 2016, is a specialist mortgage lender for first and second-charge residential and BTL customers who may not fit the criteria currently demanded by high street banks. The company said that its lending proposition has attracted 7,000 intermediaries, while it completed
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LONDON: Open Banking could deliver the greatest shake up to the financial services sector in living memory, an industry figure has argued, leading to innovative partnerships between the traditional banking sector and a new wave of digital challengers. Writing for WARC, Jem Fawcus, owner and group
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Lot 116, Dallas Drive — $266,700.00: Freddie Mac and Federal National Mortgage Association to Patrick S. Bishop. Lot 2, Pensinger Road — $17,000.00: Barbara A. Leidig to Douglas and Linda Wittington. Tracts 1-2, Buchanan Trail East — $105,000.00: Clarence L. Suffecool Estate to Robert E. Wolff.
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If they aren't buying homes, then they're renting. And with fewer people buying, more are turning to renting. Many are renting not because they can't qualify for mortgage lending or can't afford homes, either. They're renting because they like the rental lifestyle and don't want the financial commitment and
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He is a massively accomplished buddy of Mark Zuckerberg, and the partner of the singer Shakira, with whom he has two children. But those are just footnotes in the career of FC Barcelona star center-forward Gerard Piqué, whose raft of victories includes the World Cup in 2010 (as a member of Spain's
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He may speak before that, however, as sources have told Axios that Zuckerberg plans to address the controversy within the next 24 hours. Zuckerberg and Chief Operating Officer Sheryl Sandberg haven't yet spoken publicly about the data leak, which has set off a firestorm of criticism around the world.
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For the first time this year, mortgage rates actually dropped a little bit, but it was not enough to spur refinances — which instead took a sharp dive. Total mortgage application volume fell 1.1 percent, seasonally adjusted, last week compared to the previous week, according to the Mortgage Bankers
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A property management company has been landed with a legal bill of almost £2,000 after admitting that it failed to keep a property in Nottingham in good repair. Nottingham City Council`s Housing Licensing and Compliance team secured a successful prosecution against ADKAM CIC (Community
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He added that despite the slower pace, 2017 marked the strongest year for mortgage debt growth since 2007, with Fannie Mae, Freddie Mac and FHA leading the market, followed by banks, life companies and real estate investment trusts. “The commercial mortgage-backed securities (CMBS) market,
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This week on “205 Live”, Mustafa Ali defeated Drew Gulak in the semifinals of the tournament to advance to the “Wrestlemania” title match. Ali will be facing Cedric Alexander for the vacant title. The tournament became necessary when Enzo Amore was stripped of the title and released from the company
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Rick says two or three more increases this year could nudge the 30-year mortgage rate to 4.75% or even 5% by December. And if the Fed raises its median forecast Wednesday from three rate hikes in 2018 to four, mortgage rates could edge up by about a tenth of a percentage point in the short term,
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Philip Morris International logo Cambiar Investors LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 314,938 shares of the company's stock,
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The conventional retail strategy in consumer banking has, traditionally, been deeply influenced by the Euclidean paradigm. In economic models, a Euclidean paradigm assumes there is a world order of stable entities, predictable markets, and common sense assumptions. (In simple terms, everything in
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“For almost all indicators, the UK scores badly in a European perspective and the situation has often worsened over the last few years. Especially worrying is the massive increase in rough sleepers and homeless people in temporary accommodation. The situation of young people in the housing market
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Big companies can react nimbly when they fear regulation is actually on the horizon—for example, Google, Facebook, and Twitter have agreed to share data with researchers who are tracking disinformation, the result of a European Union commission on fake news. But for the most part we're dealing
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President Donald Trump says the Saudis are a “big purchaser” of American arms. A $3.5 billion discount they won from the Pentagon last year in buying an anti-missile system for $15 billion shows they're also adept at tapping into the Pentagon's generosity. Welcoming Saudi Crown Prince Mohammed
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The International Finance Corporation is planning to expand infrastructure investment in Morocco and Tunisia as the North African nations cut spending to rein in budget deficits. IFC, the World Bank's private sector arm, plans to invest $373 million in Maghreb nations, mostly in Morocco and Tunisia,
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The FOMC has estimated that the long-term jobless rate is about 4.6 percent, meaning the current level of 4.1 percent is overshooting the policy committee's view of full employment. “There is a good chance they lower it,” said Neil Dutta, head of U.S. economics at Renaissance Macro Research.
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Police Chief Brian Manley said at a news conference that investigators zeroed in on the suspect and located his vehicle in a suburban Austin hotel. He says police were waiting on a tactical team for hours when the suspect's vehicle began to move. He says it ended up in a ditch near the side of the road
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