semiconductor / news / / Australian Financial Review
The intervention comes as banks write to Treasurer Jim Chalmers, calling for data held by the.
The competition regulator has formally warned banks to strengthen due diligence on mortgage applications.
KEY POINTS
- Billions of dollars in loans were obtained using fraudulent documents at top Australian lenders.
- Banks are requesting access to Australian Taxation Office data through the open banking regime.
- Lenders believe ATO data access would improve verification of income on mortgage applications.
COMPANIES
Summarized by Newsio from Australian Financial Review. How we summarize →