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‘You have to be rich to get a loan’: Big bank bosses say too much regulation is locking many Australians out of home ownership
May 3, 2024May 3, 2024by In Bussiness

‘You have to be rich to get a loan’: Big bank bosses say too much regulation is locking many Australians out of home ownership

The horror stories of consumers in financial strife that emerged during the banking royal commission more than five years ago led to stronger regulations aimed at better protecting consumers, and caps on bonuses paid to bankers. But the major banks are calling for some of these regulations to be wound back as they face tougher...