Regulation

The regulator has cited ongoing uncertainty in the economic outlook as a reason behind its decision.

NAB has been targeted by ASIC after allegedly failing to support customers when applying for hardship support.

The government has announced a fund aimed at boosting productivity across the country, including in housing construction and business investment. Industry bodies have since responded, ...

The resetting of the Consumer Data Right (CDR) has begun, with changes coming into effect this week.

The government body has slammed the non-bank lender after allegedly partaking in inappropriate lending practices that disadvantaged consumers.

Scam-related complaints spiked over the 2023–24 year as the ombudsman service records a new high in overall complaints.

The government body has reinforced its confidence in the 3 per cent serviceability buffer, claiming it ensures stability. It seems not many agree, however.

ASIC has released its Annual Report for 2023–24, acknowledging “the flow of capital from public to private markets” and the expansion of private finance.

ASIC recently addressed its roadmap for the coming year while reflecting on the year past. Here, lenders were held accountable for perpetuating many issues consumers face.

The Federal Court has ruled that Latitude Finance Australia made misleading representations over credit card advertisements.