CUA withdraws variable interest loans from broker network

According to The Australian, CUA told brokers that sales would stop from today, although it would continue to sell the loans through its branch network.

“As a result of recent events in financial markets and following a review of CUA’s broker distribution model, CUA will temporarily withdraw its variable interest rate product range from this Friday,” CUA said in a note to brokers.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 23 November 2007