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BoQ admits to irresponsible lending

A senior manager with Bank of Queensland has testified to the royal commission that the bank breached lending standards by approving a business loan based on a litany of basic administrative errors.

BoQ admits to irresponsible lending
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On the stand, Bank of Queensland (BoQ)’s head of product and governance, Douglas Snell, admitted that the bank issued a business loan which fell outside of serviceability requirements.

Read the full article at MyBusiness.

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