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Commonwealth Bank places freeze on forced sales for virus impacted customers – NEWS.com.au
Commonwealth Bank places freeze on forced sales for virus impacted customers
Commonwealth Bank will freeze forced sales for customers who have defaulted on their loan repayments due to financial ramifications sparked by the coronavirus pandemic.The country’s largest retail bank has initiated a moratorium on forced sales until September 2021, for customers which have accessed COVID-19 loan deferral schemes and are still unable to resume normal payments.
In an email between CBA and Financial Counselling Australia (FCA) obtained by News Corp, the bank confirmed customers still…
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