RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.39% (6.59%*) • Fixed: 5.39% (6.59%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.69% (6.48%*) • Investment PI: 5.39% (6.59%*)

Video Archive

1.9 – An ANZ Bank customer, 72-year-old, Robery Regan, Testifies at the Banking Royal Commission

Views 110 Likes 0 Dislikes 0 Published December 27, 2020, 9:48 pm

Robert Regan, a 72-year-old widower, gives evidence on how he fell into severe financial hardship after falling for an online scam and borrowing money from Australia and New Zealand Banking Group (ANZ). His testimony covers how incorrect information was provided by the broker to ANZ about his financial situation, ANZ’s failure to respond to clear anomalies in his bank accounts indicating large overseas transactions, and how an ANZ bank manager assisted him to transfer over $30,000 to the scammer’s bank account in the UK.

Belief has archived all data made available by the Banking Royal Commission with information available on our blog, in Yabber, or via the BRC API.

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Martin is the Managing Director of BeliefMedia Pty Limited, and Australia's leading Finance Marketing Specialist. He is supported by a team of Australia's finest. Read more about Marty here.

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

1.9 – An ANZ Bank customer, 72-year-old, Robery Regan, Testifies at the Banking Royal Commission

Like this article?

Martin Khoury

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