Banking royal commission focuses on bonuses that encouraged loan fraud

Updated March 14, 2018 16:59:58

NAB says 15 per cent of its mortgages involve a policy waiver, where the loan does not meet all its standard criteria for valuation, serviceability and document verification.

Topics: banking, royal-commissions, consumer-finance, consumer-protection, housing-industry, australia, melbourne-3000

First posted March 14, 2018 09:51:15