Individual Assessment | My Assignment Tutor

Guidelines for Case study analysis Report Length: 3000 words Weighting 30% of the total assessment Due Date: Week 8 Tutorial ( Friday 9 July 2021, 5 PM) Type of Collaboration : Individual Assessment. Style and Format: The report should be professionally presented using Times New Roman 12 point font, appropriate margins, structured properly supported by appendices for data and diagrams, if any. Assessment Submission: The assessment will be submitted on Moodle Turnitin Link This assessment has been set up to be checked by Turnitin, a tool which helps you check whether you have referenced correctly. You can submit your assessment task to Turnitin prior to the due date and Turnitin will give you an originality report. You may then make any changes that may be required and resubmit your final version by the due date. Assessment Return: Two weeks after submission on SOLS. How to address the assignment requirements: The student will be required to: 1. Review the current literature on consumer lending with emphasis on current developments. 2. Identify relevant issues relating to consumer lending by banks. 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: a. 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. b. 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. c. Current trends in consumer lending– in Australia or world wide- look at some of the data available with regulatory agencies like RBA, ASIC and others. Analyse the trends, up and down of consumer lending business. Examine the reasons for these changes. d. 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. e. 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 f. 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. g. 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. h. 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.(For example, Royal Commission on Banking in Australia). i. 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 3. Select one bank as your case bank and relate the issues identified through the literature review to the consumer lending business of the bank (A) selected by you. Critically analyse the consumer lending products and services of the bank in the area of consumer lending in terms of the literature. 4. Compare and analyse the terms and condition of consumer lending products of your bank with the consumer lending products of another bank (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. ProductsBank ABank BComparative AnalysisCredit cardsInterest rates Type of cards Interest free period Fees RepaymentMotor Vehicle LoansInterest rates Type of loans Fees Repayment Period Collateral Terms and conditionsHome LoansInterest rates Type of loans Fees Repayment Period Collateral Terms and conditionsPersonal LoansInterest rates Type of loans Fees Repayment Period Collateral Terms and conditions 6. 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 on the 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 UOW 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 reportCohesion between paragraphsAdherence to formatting guidelines Contents and arguments presented critically on various issues Demonstrable critical analysis and evaluation of the literature reviewsComparison of products and services of the banks A and B on consumer lendingHow 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 languageNo grammatical mistakes References and Citations                                          (2 Marks) Correct UOW Harvard Citations in-textReference List 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.


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