Regulation

The federal Treasurer has expressed concerns at the housing market running hot, but he is not sure if APRA will take further lending interventions.

A number of banks see their legally enforceable industry code of practice as a “regulatory burden”, an independent review has found.

Smaller banks have welcomed newly set capital requirements for their big four rivals, declaring the move will reduce “unfair advantages”.

Nearly one in three Western Australian residents have experienced financial abuse, while one in four know someone personally impacted, according to new data.

The Customer Owned Banking Association has welcomed moves for greater banking regulations, suggesting a regulatory initiatives grid could be the next step forward.

The financial complaints body has recruited a new leader for its compliance and monitoring team.

A new class action lawsuit against the big four bank has cried foul over interest-free credit card contracts.

Higher risk lending could become less profitable for the banks, with new standards to require more capital set aside for interest-only and investor loans.

The major bank’s chief has apologised to customers, admitting far-reaching systemic issues led to each of the six matters presented in new civil lawsuits.

The Federal Court has ordered La Trobe Financial Asset Management to pay a $750,000 penalty for “false and misleading marketing” of the La Trobe Australian Credit Fund (the Fund).