Mar 2 2021
The regulator has officially revoked Xinja’s banking licence, following the completion of its return of deposits.
Feb 25 2021
The financial services regulator has commenced proceedings in the Federal Court against a big four bank over allegations it charged fees for making certain periodic payments when it was not ...
Feb 18 2021
The federal government has confirmed that it will permanently change continuous disclosure laws to reduce company liability and discourage “opportunistic class actions”.
Feb 16 2021
The Federal Court has declared that the major bank engaged in misleading and deceptive conduct on 12,119 occasions when charging a rate of interest on business overdraft.
Feb 8 2021
A Senate committee has called on the Treasurer to provide further guidance and detail around some of the responsible lending reforms, including the provision of reverse mortgage credit ...
Feb 8 2021
ASIC has cancelled a Victoria-based financial firm’s licences after it failed to lodge its accounts and appoint a new ‘key person’.
Feb 5 2021
The amended law making Comprehensive Credit Reporting mandatory from 1 July 2021 has passed, establishing updated commencement dates, providing greater protections for consumers and granting ...
Feb 1 2021
Rosemary Rogers, the former chief of staff to the CEO of NAB, has been sentenced to eight years’ imprisonment after defrauding the bank of millions of dollars.
Jan 29 2021
The financial services regulator has warned investors of a rise in imposter bond investment offers, suggesting practical steps to avoid them.
Jan 19 2021
Third parties should be given “action initiation”, the final report into the Inquiry into Future Directions for the Consumer Data Right has recommended.
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