[ORDER SOLUTION] Current Developments in Consumer Lending

Guidelines for Case study analysis Report

How to address the assignment requirements:

Struggling to find relevant content? Order a custom essay on
[ORDER SOLUTION] Current Developments in Consumer Lending
Let our experts save you the hassle
Order Now

 

The student will be required to:

Review the current literature on consumer lending with emphasis on currentdevelopments.
Identify relevant issues relating to consumer lending bybanks.

You should read at least two research papers on each issue, analyse their findings and summarise their results of these research after critical analysis of each paper.Every one is required to discuss at least five of the nine issues mentioned below.

Some of the issues identified in the literature are:

Legal issues in consumer lending.

What are the laws and regulation in place for consumer lending and how these laws ensure that consumers are treated fairly in the market

Cite some laws, discuss their implications on the business of consumer lending by banks. Discuss some recent developments, particularly those relating to coronavirus.

Market for consumer lending – Demand, supply, availability of credit.

How the consumer lending market has been affected by changes in employment, economic factors such as migration, changes in peoples perception and attitudes.

Current trends in consumer lending- in Australia or world wide- look at some of the data available with regulatory agencies like RBA and analyse the trends, up and down of consumer lending of consumer lending business. Examine the reasons for these changes.

Pricing – Interest rates, fees, penalties.

How banks and service providers set interest rates and fees on various types of consumer loans. What are the reasons for charging penalties from the customers particularly for non repayment or default.

                                               

Responsible lending – What is responsible lending. How banks and regulators have set up the responsible lending and fair trading. Find evidence of compliance or non-compliance of these guidelines by the banks, examine the reasons for bank behaviour and resulting consequences for banks and customers

Discuss the development of various products in consumer lending such as different credit cards, motor vehicle loans, home loans, personal loans or any other type of loans. How banks differentiate their products from each other and meet the competition. Discuss the innovation of new products.

How consumer credit loan applications are analysed by banks. Discuss different types of Credit scoring models used. Development issues in these models. What are the assumption and effectiveness of these models.

Frauds in consumer lending.

Many consumer lending providers including banks have perpetrated frauds on customers in the area of consumer lending. Discuss some of these frauds, the reasons behind these frauds and how these frauds were handled by regulators or courts.

New forms of lending.

In the recent past some of the new avenues of consumer lending have been developed like fringe lending from cash converter, check loans, crowd funding etc.  As a result, loan sharks have been able to target customers. Describe some of these new developments, their effect on customers and consumer lending

Select one bank as your case bank and relate the issues identified through the literature review to the consumer lending business of thebank (A) selected by you. Critically analyse the consumer lending products and services of the bank in the area of consumer lending in terms of theliterature.
Compare and analyse the terms and condition of consumer lending products of your bank with the consumer lending products of anotherbank (B) on at least four products. This comparison should be done across four products of each bank. The comparison can be provided in the table form as under.

Products

Bank A

Bank B

Comparative Analysis

Credit cards

Interest rates

Type of cards

Interest free period

Fees

Repayment

Motor Vehicle Loans

Interest rates

Type of loans

Fees

Repayment Period

Collateral

Terms and conditions

Home Loans

Interest rates

Type of loans

Fees

Repayment Period

Collateral

Terms and conditions

Personal Loans

Interest rates

Type of loans

Fees

Repayment Period

Collateral

Terms and conditions

Draw appropriate conclusions from the comparison in regard to delivery of consumer credit product of each bank in terms of the literature and in and provide recommendations based onthe your analysis.

Requirements for the report

Length:  3000 words 

Format: Typed using 1½ or double line spacing with a 2.5cms margin on all sides.

Requirements:  The report  should include an executive summary and a list of references using  Harvard citation   

Assessment Criteria/Marking Guidelines

The assessment of the essay will be based on the following:

 Executive Summary                                                                         (2 Marks)

Overview of the whole report in 150-200 words

Structure and Presentation                                                              (2 Marks)      

Structure of the report
Cohesion between paragraphs
Adherence to formatting guidelines

Contents and arguments presented critically on various issues

Demonstrable critical analysis and evaluation of the literature reviews
Comparison of products and services of the banks A and B on consumer lending
How each issue is addressed, discussed and analysed.
Logical and coherent conclusions drawn from comparison between banks A and B relating to the literature and                                                      (22  Marks)

Writing Style                                                                                      (2 Marks)

Clear & concise language
No grammatical mistakes

References and Citations                                                                  (2 Marks)

Reference List (Harvard)

A minimum of 10-12 references required in all. References on different issues should be provided as mentioned above. References should be from academic literature such as journal articles or evidence based articles.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with GPA Fix
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Social Work and Human Services
Excellent
Customer 452587, July 28th, 2021
ENVIRONMENT SCIENCE
GOOD
Customer 452813, June 19th, 2022
Social Work and Human Services
Great Work!
Customer 452587, November 2nd, 2021
Nursing
Always a job well done. I really appreciate the hard work.
Customer 452453, January 4th, 2021
Mental Wellness
The skilled writer did a good job. I will add a few more details. Thank you, great job...
Customer 452547, June 17th, 2021
IT, Web
Did an excellent job with the body of the paper and staying on the topic.
Customer 452885, October 27th, 2022
ENVIRONMENT SCIENCE
EXCELLENT
Customer 452813, June 19th, 2022
Other
good
Customer 452813, June 30th, 2022
Nursing
Perfectly done!
Customer 452707, July 18th, 2022
Nursing
Not all sources were " American sources" as directed
Customer 452615, September 16th, 2021
Nursing
Thank you for helping with my assignment.
Customer 452707, July 8th, 2022
Nursing
Thank you to the writer and also thank you to the support team I got an A for the paper
Customer 452635, June 17th, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
error: Content is protected !!

Save More. Score Better. Use coupon code SPECIAL for a 15%discount