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Consumer credit insurance confusion spurs ASIC overhaul

The Australian Securities & Investments Commission (ASIC) has commenced work with representatives from the banking industry on reforming Consumer Credit Insurance (CCI) in Australia.

Mark Bristow

Mark Bristow -

02 Aug, 2017 -

3 min read

Personal Loans

Personal loan and credit card customers get $1.1m refund

Hallmark General Insurance Company, trading as Latitude Insurance, will provide refunds of approximately $1.1 million to 905 customers.

Nick Bendel

Nick Bendel -

22 Dec, 2017 -

2 min read

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Car Loans

QBE refunds car insurance after ASIC review

Insurance 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

Mark Bristow -

03 Aug, 2017 -

2 min read

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Credit Cards

CBA faces $10m bill for ripping off customers

Commonwealth Bank will refund about $10 million after selling unsuitable consumer credit insurance to tens of thousands of Australians.

Nick Bendel

Nick Bendel -

15 Aug, 2017 -

2 min read

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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

Georgia Brown -

04 Jun, 2021 -

3 min read

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