QED CompliFast Blog

Responsible Lending - What ASIC Wants

Responsible Lending - What ASIC Wants

| NCCP Requirements | Greg Ashe

It has been over 18 months since ASIC published its Report 262 on Responsible Lending. Despite this time period, we are still seeing the recommendations of the Report being largely ignored by the industry.

ASIC:  Managing Credit Representatives

ASIC: Managing Credit Representatives

| NCCP Requirements | Greg Ashe

Following an industry review of Licensee groups with large numbers of Credit Representatives, ASIC is set to release its next Report in the New Year. The report will contain several recommendations as to how ASIC considers that the behaviours and patterns of Credit Reps should be monitored by Licensees.

MFAA Full MemberAustralia Compliance Institute