The POS Exemption : How Its Abolition will Affect Car Dealers

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. …

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The Advantages And Importance Of Financial Literacy

Bandarqq, like dominoqq, originated in Indonesia and is a favorite traditional game that is played in many households. The game is similar to poker, but instead of using cards, dominoes are used. Although it isn’t known how and when bandarqq has become widespread in many places across the globe, it is now one of the many gambling games that is enjoyed in various credible and trusted gambling sites. Easy Access To Online Gambling To be able to enjoy a game of bandarqq, it is essential for a player to be familiar with the rules of online poker. If you are …

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Microcredit Gives Opportunities For Start-up Businesses

Microcredits are classic loans, but with a very small loan amount of up to usually 1,000 euros. Micro, mini or small loans are used particularly in development aid and play a crucial role there. This type of loan is suitable for anyone who quickly needs a relatively small loan with a very short term. It is usually cheaper than an overdraft facility. In many developing and emerging countries around the world, microcredit is more than just a small loan. It can effectively help secure people’s livelihoods and give them the opportunity to start their own business. In order to distinguish …

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