Regulation

The regulator is pushing Australia’s $200 billion private credit sector to urgently improve its standards.

The new code sets a benchmark for lenders in what AFIA is describing as the “first of its kind”.

The Australian Securities and Investments Commission (ASIC) has placed a stop order on the RELI Capital Mortgage Fund, preventing it from offering interests to retail investors.

The regulator has made a judgment against car finance provider Money3. The lender was found to have made some breaches, but dodged the full weight on allegations.

The broker association had some strong words for ASIC following the announcement that the regulator had cut red tape.

Broker associations have issued a warning to the government following a multimillion-dollar funding shortfall in the Compensation Scheme of Last Resort (CSLR).

Two separate reports have conflicting opinions on the outcome of the expanded Home Guarantee Scheme, including access to 5 per cent deposits.

The expansion of the Home Guarantee Scheme is welcome news for many. But beyond the headline is concerning news for LMI providers and could create ramifications for borrowers and lenders.

The first home buyer relief expansion has been brought forward to get more people into homes sooner. Industry figures have weighed in.

The major bank and one of its subsidiaries have been penalised by ASIC for failing customers facing financial hardship.