Regulation

The non-bank lender has been ordered by the Federal Court to pay $8 million in penalties for failing to meet its design and distribution obligations.

Aussie banks have made strides in supporting vulnerable customers, but further improvements are needed, according to the BCCC’s latest report.

The Australian Securities and Investments Commission (ASIC) has announced the appointment of Scott Gregson as its new CEO.

Thousands of Aussie businesses have folded over the past 12 months due to tax debts exceeding $100,000, CreditorWatch has revealed.

The government has pledged to continue its commitment to easing small-business pressures with an additional $11 million in funding.

The Albanese government has announced two new appointments set to serve on the monetary policy board.

Arca has called for greater industry collaboration to address the impact of domestic abuse on credit, urging regulatory reforms.

ASIC has alleged the bank did not provide adequate control to prevent scammers.

A former director and CEO of a member-owned bank has been found guilty on dishonesty offences.

COBA has welcomed the CFR’s review that aims to reshape Australia’s banking system and promote greater competition for consumers.