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Regulation

AFCA highlights ‘concerning’ trend as complaints rise over 100k
31 October 2024

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

APRA stands by 3% serviceability buffer, many disagree
28 October 2024

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

Growth of private credit draws attention from regulators
28 October 2024

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.

Lenders cop a rinsing in ASIC’s regulatory reform review
24 October 2024

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.

Lender found to have engaged in misleading conduct
22 October 2024

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

Mutuals announce merger intentions – what’s in store for consumers?
18 October 2024

As two mutual banks have announced the signing of a MoU, the broking industry has weighed in on what the outcome could be for regional Aussies.

CBA hit with $7.5m fine after breaching spam laws
17 October 2024

The major bank is co-operating with an investigation into compliance issues involving messaging to customers and has been slapped with a substantial fine for its actions.

2 banks in court over alleged multimillion-dollar car dealer overpayments
14 October 2024

Two of Australia’s largest banks have landed themselves in court over a car dealer commissions controversy that allegedly left consumers out of pocket millions of dollars.

Industry leaders react to ACCC merger reform
14 October 2024

The recent outlining of the ACCC’s merger reform policy that was tabled in Parliament has people talking. Experts are weighing in on the changes, discussing what has landed and what is ...

Help to Buy reintroduced as party feuds heat up
11 October 2024

The Labor government has introduced the hotly contested bills into Parliament.