Regulation 6 November 2026

Lender hit with $5.5m penalty over illegal fees

A lender has been ordered to pay over $5.5 million in civil penalties for charging illegal fees to thousands of its customers.

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Technology

Open banking powers up, but consent and reliability lag

6 November 2026

Open banking has surpassed 1.3 million active authorisations, but a new report has warned that consent and reliability issues are holding back further growth.

Innovation

Brokerage takes step towards AI-first broking model

6 November 2026

A brokerage has launched a new AI-powered portal that allows prospective clients to explore loan options and check borrowing capacity before speaking to a broker.

Innovation

Broker builds platform to tackle clawbacks and client retention

6 November 2026

A Melbourne-based broker has developed a new platform to put brokers ahead of client decisions and prevent clawbacks.