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Banks Get Serious About High Revolving Debt Compared to Income Home Credits as Controller APRA Comes Thumping
Two of Australia’s greatest banks have moved to control high-risk home loaning, as the controller uncovered it has been cautioning a few establishments to scale back unsafe credits. This week, ANZ told contract expedites and its investors that from June 6 it would never again make credits to borrowers who might owe more than seven-and-a-half […]