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Banks own up to errors and staff dishonesty on SME loans

Banks have admitted to lending-related fraud, abuse of small business trust and fee errors in comprehensive answers to questions from the banking royal commission.

Banks own up to errors and staff dishonesty on SME loans
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Banks own up to errors and staff dishonesty on SME loans

Inappropriate sales practices and mistakes on account and loan fees were two key themes to emerge from the banking community's responses to questions from the royal commission, though the big four banks said they were largely isolated incidents.

Read the full article at the Sydney Morning Herald.

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