In 2019, the Australian Banking Royal Commission acted on the growing complaints against car dealers who sign up customers for loans they can’t afford to pay. In his final report, Royal Commissioner, the Hon Kenneth Hayne AC QC, who led the year-long probe of the faulty financial service practices, recommended the abolition of the Point of Sale (POS) Exemption. Consumer advocates welcomed the Royal Commissioner’s report exposing the predatory selling practice. Many believe the POS exemption was a “loophole” that has allowed not a few car dealers to offer auto loans even without proper assessment of the customer’s financial capability. …
Month: March 2021
Articles
- The Effects of Volatile Forex Rates to the Fashion Industry
- IRS Warns of New Phishing Scam Targeting Taxpayers with Claims for Tax Refunds
- The POS Exemption : How Its Abolition will Affect Car Dealers
- Cut and Dried Wealth Managers Face Tough Financial Planning Challenges Starting 2021
- Tesla’s $1.5 Bitcoin Investment Sparked Greater Interest for Bitcoin Mining
- Sen. Warren to Continue Pushing for Wealth Tax as Member of Senate Finance Committee
- Lawsuit Loans From The Best Lawsuit Loan Companies – What Are They?
- Bandar Judi Online And Bankroll Management
- How To Manage Your Budget for Online Casinos
- Trump and Biden Raising Funds for Election Lawsuits but with a Difference
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- The Effects of Volatile Forex Rates to the Fashion IndustrySterling plummeted to some 31-year low from the times following the UK voted June 23 to depart the European Union. Its worth had shrunk marginally to $1.20 and $1.34 now, after news that the former home secretary Theresa May will substitute David Cameron as prime minister. “It is hard to forecast exactly what the […]
- IRS Warns of New Phishing Scam Targeting Taxpayers with Claims for Tax RefundsLast week, the IRS warns about a phishing scam that has been on college students and staff of educational institutions expecting to receive pending tax refunds, The warning was published last week after the tax agency received reports that government’s phishing@irs.gov email received numerous complaints related to impersonation scams that have been generally targeting persons […]