Review | 7 June 2016

Key Issues: 


Investment loan | Responsible lending obligations | Breach of responsible lending | Unsuitable credit contract | Lender


Summary of the outcome: 


We found that the consumers’ claims against the FSP had been established, namely that the FSP entered the consumers into an unsuitable loan.  Having regard to the information made available to us we were unable to find that the consumers suffered any loss as a result of the FSP’s breach. 



This case was referred to the Ombudsman for a Determination. 

Follow this link for a full copy in PDF  Review | 7 June 2016

This case was referred to the Ombudsman for a Determination.