CBA thinks the approach taken by the proposed tips is flawed for a number of reasons

CBA thinks the approach taken by the proposed tips is flawed for a number of reasons

A bank would be required to monitor the consumer’s use of a deposit advance products and repetitive use would be viewed as evidence of weak underwriting under the proposals. To comply with the guidance, policies regarding the underwriting of deposit advance items needs to be written and approved because of the bank’s board of directors and needs to be in line with a bank’s basic underwriting and risk appetite. Continue reading «CBA thinks the approach taken by the proposed tips is flawed for a number of reasons»