Welcome to Issue 65 of our fortnightly Banking Sector Newsletter. In this issue, we have a link to ASIC’s recent paper on its expectations on lenders when loan repayment deferrals for COVID-19 come to an end. We also have a link to an article on AFCA’s response to ASIC’s product intervention powers consultation.
We also refer to the Victorian Court of Appeal judgment in Jams 2 Pty Ltd v Stubbings  VSCA 200. The decision adds to the existing law on application of unconscionable conduct principles to asset lending cases. Thomson Geer’s alert on this topic can be accessed here.View PDF