Regulation

General Commercial and Eden Capital fined $50k each
25 January 2023

Home finance providers General Commercial Group Pty Ltd and Eden Capital have both been ordered to pay $50,000 for failing to co-operate with AFCA.

Thousands of FHBs register for NSW shared equity 
24 January 2023

The state’s key worker first-home buyers can apply for the NSW government's shared equity homeownership scheme, following its launch.

Lenders back BNPL regulation push
23 January 2023

Several lenders, including MONEYME and CBA, have said they believe buy now, pay later products and providers should be regulated.

ASIC commissioner exits for Vanguard Australia role
18 January 2023

The regulator’s commissioner, Sean Hughes, will end his term on 3 February 2023, ASIC has announced.

Major cyber attack on a bank would be ‘catastrophic’: Senator
9 January 2023

Liberal senator James Paterson has warned financial services institutions to remain vigilant amid a rise in cyber attacks and a greater number of Australians working remotely.

ACCC flexes muscles in 1st CDR accreditation rejection
5 January 2023

iSignthis’ CDR application had been rejected, the first ever from the ACCC, the regulator has confirmed.

ASIC successful in High Court against Cigno appeal
19 December 2022

The High Court has dismissed special leave applications by short-term lender Cigno and BHF Solutions.

Australians unconvinced by digital currency
16 December 2022
Australians unconvinced by digital currency

While the Reserve Bank has an ‘open mind’ on Australia’s move towards a digital currency, Australians may need encouragement.

Top 5 scams to avoid this festive season: Assistant Treasurer
16 December 2022

The Minister for Financial Services and Assistant Treasurer, Stephen Jones, has warned Australians of the potential risk of scams this holiday season.

Intervention improves small credit lenders’ TMDs: ASIC report
14 December 2022

The Australian Securities & Investments Commission has published a snapshot report into small amount credit lenders’ compliance with DDO obligations.