Regulation

Oct 13 2020

Approximately 1,800 consumers will be remediated more than $4 million and receive interest rate reductions from Volkswagen Financial Services Australia as part of a court enforceable ...

Oct 2 2020

The Federal Court has ordered a big four bank to pay a $10-million penalty after finding that it breached its licensing obligations in respect of fees charged to retail and business banking ...

Sep 23 2020

Lenders have received best practice guidance from the prudential regulator regarding the management of loans on repayment holidays.

Sep 10 2020

The regulator has amended its prudential guidance to provide lenders with “additional flexibility” when reviewing loan terms for borrowers impacted by the COVID-19 crisis.

Aug 26 2020

Th corporate regulator has issued guidance to help emerging financial services harness the federal government’s enhanced regulatory sandbox.

Aug 7 2020

The stage 4 lockdown in Melbourne has prompted Treasury to revise down its forecasts for the Australian economy.

Aug 4 2020

A parliamentary committee is set to scrutinise APRA and ASIC on their “performance and operation” amid the COVID-19 crisis.

Jul 3 2020

Promoted by Lendi Social distancing has accelerated the uptake of digital mortgage processes by both consumers and the banks, and online home loan platform Lendi has seen demand for their ...

Jun 29 2020

The corporate watchdog has permanently banned the former director of a financial services firm after he was found to have breached several of his licensing obligations.