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Suncorp Bank Victims

Suncorp disputes bank watchdog’s order to drop interest on ‘irresponsible’ loan

Suncorp has claimed that it was not bound to allow a Victorian woman an interest-free loan indefinitely, despite the banking watchdog finding otherwise. The Financial Ombudsman Service found that the woman was not liable to pay interest or repay principal because the loan was “irresponsibly” made, the financial services royal commission has heard.

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