Regulation

The government’s open banking reform consultations have generated some pushback from industry figures as there are fears it could reduce competition, stifle innovation, and undermine the ...

Data has revealed a disconnect between Australia’s credit reporting framework and consumers. There are calls to revitalise systems through expanding the data used.

Australia’s financial landscape is undergoing a major shift. A $200 billion wave of business loans is now being provided by private lenders instead of the big banks.

From today (1 October), 70,000 new first home buyers are expected to flood the property market as the 5 per cent First Home Guarantee scheme comes to life. Experts have unpacked the risk ...

The regulator has reinforced the importance of hardship support and highlighted some key areas where lenders can improve.

Mortgage brokers are being urged to strengthen compliance practices, as complaints across the financial services sector reach record highs.

The regulator is pushing Australia’s $200 billion private credit sector to urgently improve its standards.

The new code sets a benchmark for lenders in what AFIA is describing as the “first of its kind”.

The Australian Securities and Investments Commission (ASIC) has placed a stop order on the RELI Capital Mortgage Fund, preventing it from offering interests to retail investors.

The regulator has made a judgment against car finance provider Money3. The lender was found to have made some breaches, but dodged the full weight on allegations.