Evil Anna pushes to restore mortgage fraud

She’s probably Australia worst public policy sell out. And she’s earning her $600k plus, via Banking Day:

The Australian Banking Association is preparing to push back against ASIC’s plan to make responsible lending guidelines more prescriptive, and will argue for the maintenance of the principles-based approach when the regulator holds public hearings on the issue over the next two weeks.

ABA chief executive Anna Bligh said one of the big lessons of the Hayne royal commission was that financial institutions needed to take the individual needs of customers into account.

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