Via the AFR:
ANZ, the nation’s third largest mortgage lender, is boosting scrutiny of clients’ personal identity, income, qualifications and capacity to repay loans amid evidence of wide-scale identity theft.
The bank, which is the most dependant of the major banks on brokers for distributing mortgages, is circulating “policy updates” about minimum evidence of borrowers’ income requirements needed to qualify for a loan.
It is also warning brokers and bank employees that new accounts can only be opened with the customer present at the branch.
Identity theft not royal commission, not.
Drip, drip, drip. Finance disappears.
