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Personal Loans
Consumer credit insurance confusion spurs ASIC overhaulThe Australian Securities & Investments Commission (ASIC) has commenced work with representatives from the banking industry on reforming Consumer Credit Insurance (CCI) in Australia.
Mark Bristow -
02 Aug, 2017 -
3 min read
Personal Loans
Personal loan and credit card customers get $1.1m refundHallmark General Insurance Company, trading as Latitude Insurance, will provide refunds of approximately $1.1 million to 905 customers.
Nick Bendel -
22 Dec, 2017 -
2 min read
Car Loans
QBE refunds car insurance after ASIC reviewInsurance provider QBE has paid out $15.9 million in refunds to car insurance customers who were receiving little to no benefit from their policies, following a review from the Australian Securities & Investments Commission (ASIC).
Mark Bristow -
03 Aug, 2017 -
2 min read
Credit Cards
CBA faces $10m bill for ripping off customersCommonwealth Bank will refund about $10 million after selling unsuitable consumer credit insurance to tens of thousands of Australians.
Nick Bendel -
15 Aug, 2017 -
2 min read
Personal Loans
Do I need insurance for a personal loan?Taking out a personal loan can be a big commitment, and it may take several years to pay off depending on your loan term. So, you might wonder if it’s necessary to take out insurance to cover yourself in the case of unexpected loss of income.
Georgia Brown -
04 Jun, 2021 -
3 min read