Australian home lenders have been accused of ignoring mortgage customers in financial distress. Australia's market watchdog has informed banks that they are not providing adequate support to people struggling to pay their mortgages. A damning report revealed that a third of home loan customers facing financial hardship end up dropping their requests for help due to the banks' difficult application processes. A new review found that major Australian banks ignored hardship notices and abandoned customers in financial distress, leading more than one in three Australians to drop their hardship applications.
Millions of Aussies have been left without access to their bank accounts, with ANZ experiencing a major outage on app and internet banking services. #9News READ MORE: https://t.co/KcJ9Qu0vo0 https://t.co/zksdiY0tVv
A new review has found major Australian banks ignored hardship notices and abandoned customers who were in financial distress, making the process so difficult that more than one in three Australians dropped their hardship application. https://t.co/9ZXJNjUysY
A damning report has found a third of home loan customers facing financial hardship end up dropping their requests for help because their bank's application process is so difficult. #9News https://t.co/5hG2AahSAM
Australia’s market watchdog has told banks they are falling short with support they give to people struggling to pay their mortgages https://t.co/rgBa5JtDlF
Australian home lenders accused of ignoring mortgage customers in financial distress https://t.co/f11LmmZuQO