

ACCC warns banks on mortgage due diligence amid multi-billion scandal
This article appeared in the Australian Financial Review today, 7 April 2026. We're sharing so our customers are aware of some of the increased scrutiny banks will natuarlly be required to employ as a result of this outrageous fraud. The competition regulator has warned banks to improve their due diligence on mortgage applications, adding to pressure on the sector following revelations that billions of dollars in loans were obtained from top lenders by people using fraudulent


