Banking

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The Bank of Queensland has announced that it will buy ME Bank for $1.3 billion in a bid to challenge the dominance of the big four banks.

Write comment (0 Comments) " ["fulltext"]=> string(3080) "

Members Equity Bank (ME Bank) has announced that it would join the Bank of Queensland (BOQ) in order to create a “genuine banking alternative powerhouse”.  

Combined, the group will have total assets over $88 billion, with total deposits of more than $56 billion.

Together they will serve over 1.3 million Australians, with BOQ servicing 900,000 customers, while ME Bank has 450,000. 

ME Bank’s shareholders, who represent 26 of Australia’s industry super funds, unanimously endorsed BOQ’s offer, which was recommended by the board.  

The chairman of ME Bank, James Evans, described the merger as a natural fit, as both homegrown banks have a range of easy to understand products and services.  

“Today’s decision represents a permanent shift for the better in the Australian banking landscape. This  agreement brings together two culturally aligned organisations to form what will be an enhanced and  influential banking alternative for customers,” Mr Evans said.

“The increased scale and complementary offerings will benefit customers and employees alike. The  combined group will be able to offer a wider network of service options, deeper resources, and the added  reassurance that comes with a larger banking organisation.  

BOQ chief executive George Frazis said the partnership is “highly complementary” due to similar customer-centric cultures. 

“The acquisition of ME Bank will create a compelling alternative to the big banks, providing better customer experience, greater opportunities for our people and, importantly, increase value to our shareholders,” Mr Frazis told media on Monday.

The acquisition will roughly double the size of BOQ’s retail bank and increase that segment’s earnings from 36 per cent to more than 50 per cent. 

The acquisition will also diversify BOQ’s portfolio and build out its east coast presence – ME Bank will remain based in Melbourne and retain its branding – as it enters the second year of its multi-brand digital transformation strategy. 

“I have to say it’s truly an exciting time for BOQ. The strategy is already delivering meaningful results and has laid the foundation for this game changing acquisition,” Mr Frazis said.

The transaction is expected to be finalised by August, and ME Bank emphasised that it will not affect or change existing customers’ accounts or arrangements, nor their relationship with ME Bank.

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The Bank of Queensland has announced that it will buy ME Bank for $1.3 billion in a bid to challenge the dominance of the big four banks.

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Commonwealth Bank has been held accountable for overcharging 1,510 customers in excess of $2.2 million, among a suit of other breaches including “deceptive conduct”.

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The Federal Court has declared Commonwealth Bank liable for misleading and deceptive conduct on 12,119 occasion after the bank was found to have overcharged 1,510 customers a higher interest rate of some 34 per cent per annum on their overdraft accounts, instead of the advised 16 per cent.

The total overcharged interest exceeded $2.2 million.

The “system error”, CBA admitted, meant that customers were made to believe they were being charged the agreed 16 per cent during the period from 1 December 2014 to 31 March 2018.

The customers had been advised otherwise in terms and conditions the bank provided for certain credit facilities and in periodic account statements referencing the rate at which interest was being charged.

In a statement issued on Tuesday, ASIC said it considers that CBA’s conduct in this matter, which was examined in detail during the financial services royal commission, resulted from inadequate systems and processes.

“Financial services institutions need to have appropriate systems, governance and controls in place to ensure they deliver on promises made to their customers. By CBA failing to take adequate steps to rectify this error after it was identified, this resulted in customers continuing to be overcharged,” said ASIC commissioner Sean Hughes.

“Investment in good systems needs to be prioritised by all financial services institutions to ensure trust in our financial system is rebuilt and to avoid a repeat of these failures in the future.”

ASIC confirmed that it will seek pecuniary penalties and other orders against CBA at a penalty hearing on 6 April 2021.

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Commonwealth Bank has been held accountable for overcharging 1,510 customers in excess of $2.2 million, among a suit of other breaches including “deceptive conduct”.

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In the two years since the financial services royal commission, super fund members, bank customers and insurance policyholders have all been let down by the federal government’s failure to implement its findings, a legal group has stated. 

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The banking royal commission chaired by Kenneth Hayne gave 76 recommendations to the government, with less than half of them being implemented, while four have been completely abandoned in the two years since it was founded.  

At the time, the Morrison government created an implementation roadmap setting out how the government will deliver on its comprehensive response to the royal commission, which it said would “restore trust in Australia’s financial system”.

“In the government’s response, released in February this year, we committed to taking action on all 76 royal commission recommendations and, in a number of key areas, going further,” Josh Frydenberg said while presenting his roadmap. 

However, the Australian Lawyers Alliance (ALA) said that despite promising reform, the government is yet to deliver.

“A majority of the reforms have been delayed and, unbelievably, some have been abandoned completely,” ALA spokesperson Josh Mennen said.

While the government has highlighted the challenges of the COVID-19 pandemic and the economic impacts that have forced them to delay implementation, the ALA said consumer protection is needed now more than ever. 

“That doesn’t pass the ‘pub test’ given consumer protections are needed more, not less, during times of financial uncertainty and turmoil,” Mr Mennen said. 

“For example, the long-promised ‘compensation scheme of last resort’ has not yet been introduced.” 

“The scheme will help consumers who have proven they were given negligent financial advice only to find the advice firm has gone bust and can’t pay up. 

“This compensation would have been invaluable for those struggling during the high unemployment and economic turmoil wrought by the pandemic,” Mr Mennen said. 

With February 1 marking the royal commission’s second year anniversary, law firm Maurice Blackburn also pointed out the importance of consumer protection during this period. 

Maurice Blackburn’s principal, Kim Shaw, highlighted that the federal government has used COVID-19 as the reason for delay on a number of recommendations, but the fact remains that many of these recommendations are now more important than ever in ensuring consumers are properly compensated for harm caused and protected from poor behaviour.

“It abandoned key recommendations from commissioner Hayne to protect consumers against unfair or irresponsible lending and to ban commissions for mortgage brokers – both of which were crucial measures that have become even more important in the wake of COVID-19,” she said.

“As the royal commission demonstrated, banks’ relaxed lending standards and brokers’ involvement in loan sales resulted in widespread debt overcommitment, and our firm has represented hundreds of consumers who have fallen victim to these issues through irresponsible lending.

“Yet, rather than act on the recommendations from commissioner Hayne to address these issues, the federal government continues to try and make it easier for banks to lend money and provide credit without further necessary protections – measures that risk causing considerable problems for consumers when they can least afford it,” Ms Shaw concluded.

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["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(81) "/borrow-money/banking/consumers-let-down-by-government-failures-on-the-banking-rc" ["image"]=> string(56) "images/article-826x550/Kenneth-Hayne-screenshot-2-ne.jpg" ["image_alt"]=> string(13) "Kenneth Hayne" } [3]=> object(stdClass)#5287 (56) { ["id"]=> string(5) "16302" ["title"]=> string(59) "ASIC’s chair to leave despite being cleared of wrongdoing" ["alias"]=> string(57) "asic-s-chair-to-leave-despite-being-cleared-of-wrongdoing" ["introtext"]=> string(366) "

ASIC chair James Shipton will leave the financial regulator permanently, despite being cleared of any wrongdoing.

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Last year an investigation was launched after it was revealed ASIC had paid more than $118,000 for Mr Shipton to receive personal tax advice.

During a review into the allegations, Mr Shipton stood aside and had his salary frozen.

Although an independent report into an expense matter found Mr Shipton had done nothing wrong, it is understood that he and Treasurer Josh Frydenberg agreed he would leave once a new chairman was found.

“After considering Dr Thom’s report and supplementary legal advice provided to the Treasury concerning these matters, I am satisfied that there have been no instances of misconduct by Mr Shipton concerning his relocation arrangements, including ASIC’s payment for tax advice resulting from his relocation to Australia in early 2018, nor have there been any breaches of applicable codes of conduct,” Treasurer Josh Frydenberg said.

Mr Shipton will return to his role on Monday, but will step down in the coming months. Mr Frydenberg thanked Mr Shipton for his “service and dedication” during his time as ASIC chair.

“The review also concluded that the Treasury could improve its processes for managing the appointments of statutory officers under Treasury portfolio laws. In response, the Secretary to the Treasury has moved to implement a new system immediately,” Mr Frydenberg said.

Mr Shipton’s resignation follows pressure from the opposition, with shadow minister for financial services Stephen Jones saying that delaying the decision was hurting the Australian economy. 

“The longer he stalls his decision about the future of James Shipton as chairman, the more potholes he’s creating in the long road to economic recovery,” Mr Jones previously stated. 

“Mr Shipton cannot remain on gardening leave on his full $775,000 a year salary while a million Australians are looking for work and corporate Australia deals with the economic uncertainty.” 

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-02-01 00:48:47" ["slug"]=> string(63) "16302:asic-s-chair-to-leave-despite-being-cleared-of-wrongdoing" ["parent_slug"]=> string(16) "271:borrow-money" ["catslug"]=> string(11) "275:banking" ["event"]=> object(stdClass)#5651 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(0) "" ["afterDisplayContent"]=> string(0) "" } ["text"]=> string(366) "

ASIC chair James Shipton will leave the financial regulator permanently, despite being cleared of any wrongdoing.

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NAB is set to snap up a neobank in a deal said to cost $220 million, as it looks to enhance its digital offering.

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NAB has announced its acquisition of a 100 per cent stake in Aussie neobank 86 400 in a bid to accelerate its offshoot UBank and deliver a “market-leading digital experience and new product propositions to customers”.

According to NAB, the $220 million deal will accelerate UBank’s growth by combining its established customer base, brand and colleagues with 86 400’s experience and technology platforms.

“UBank has a proud 12-year history of innovation as a pioneering digital bank and today serves more than 600,000 customers to help achieve their financial goals,” said UBank CEO Philippa Watson.

“Combining with 86 400 will bring together UBank’s established business and 86 400’s experience and technology platform to meet the changing needs of our customers. We are looking forward to having the 86 400 team join us to deliver the next generation of simple, fast and mobile banking solutions.”

NAB commenced its discussions with 86 400 in late 2020 and participated in its Series B Capital raise, taking its current holding in the neobank to 18.3 per cent.

86 400’s independent directors have now unanimously recommended that is shareholders vote in favour of NAB’s proposed takeaway by way of a scheme of arrangement.

86 400 CEO Robert Bell said: “Over the past 18 months, we’ve challenged the status quo of banking through innovative products, services and technology. 86 400 and its customers will benefit from NAB’s capital and balance sheet strength and investment spend to support accelerated growth and continued innovation, helping even more Australians take control of their money.”

Founded by Cuscal Ltd and led by CEO Robert Bell, 86 400 has built and launched a mobile-led digital bank and was granted an ADI licence in July 2019. As at 15 January 2021, 86 400 had more than 85,000 customers, $375 million of deposits, $270 million in approved residential mortgages and 2,500 accredited brokers.

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NAB is set to snap up a neobank in a deal said to cost $220 million, as it looks to enhance its digital offering.

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The Federal Court is set to notify 368,000 Australians that they might be eligible to join a consumer credit class action against the big four bank.

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Compensation firm Slater and Gordon is preparing to represent thousands of Westpac customers who may have been sold junk credit card and insurance of little or no value.

Some were sold insurance that they would have never been able to claim.

The firm claims that insurance was often sold to people with disabilities, who were not employed or who were chronically ill and therefore ineligible to claim. The class action further alleges that many people were led to believe that the insurance was compulsory or free, while others did not even know they had been sold it. 

This is the second major bank Slater and Gordon has pursued over credit and insurance claims.

In late 2019 Slater and Gordon represented 50,000 NAB customers due to being mis-sold personal loan and credit insurance, with the plaintiffs collectively compensated $49.5 million.

Slater and Gordon practice group leader Andrew Paull said: “Today, 368,000 customers identified in Westpac’s database will receive a notice advising them of the class action, and that Westpac have been accused of contravening the law.”

“The notice will contain personalised information about the recipient, confirming the products they held, and when they purchased them,” Mr Paull said.

“We urge anyone who may have purchased credit card or personal loan insurance from Westpac to keep an eye out for this notice, and to sign up for the class action.”

Mr Paull said the letter would also give customers the option of opting out of the class action, if they wished.

“The banking royal commission exposed the blatant misbehaviour of the big banks, ripping off unsuspecting and trusting customers; this class action will hopefully get back the money taken from them when pressured into buying worthless products.”

Similar notices for the ongoing ANZ and Commonwealth Bank class actions over junk insurance are expected to be sent out in coming months.

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["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#5668 (32) { ["id"]=> string(1) "9" ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5421 (3) { ["data":protected]=> object(stdClass)#5424 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5423 (3) { ["data":protected]=> object(stdClass)#5426 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#5665 (32) { ["id"]=> string(1) "4" ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "1" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5425 (3) { ["data":protected]=> object(stdClass)#5428 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5427 (3) { ["data":protected]=> object(stdClass)#5430 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#5666 (32) { ["id"]=> string(1) "6" ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "2" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5429 (3) { ["data":protected]=> object(stdClass)#5432 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5431 (3) { ["data":protected]=> object(stdClass)#5434 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#5661 (32) { ["id"]=> string(1) "3" ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "3" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5433 (3) { ["data":protected]=> object(stdClass)#5439 (1) { ["options"]=> object(stdClass)#5437 (2) { ["options0"]=> object(stdClass)#5436 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#5438 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5435 (3) { ["data":protected]=> object(stdClass)#5441 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#5664 (32) { ["id"]=> string(1) "5" ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "4" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5440 (3) { ["data":protected]=> object(stdClass)#5443 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5442 (3) { ["data":protected]=> object(stdClass)#5445 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#5674 (32) { ["id"]=> string(1) "2" ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "5" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5444 (3) { ["data":protected]=> object(stdClass)#5447 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5446 (3) { ["data":protected]=> object(stdClass)#5449 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(104) "/borrow-money/banking/368k-australians-potentially-eligible-for-westpac-class-action-are-you-one-of-them" ["image"]=> string(40) "images/article-826x550/court-room-ne.jpg" ["image_alt"]=> string(84) "368k Australians potentially eligible for Westpac class action: Are you one of them?" } }