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Regulation

ASIC grants NCCP relief to 75% of applicants

The corporate regulator has released a report outlining its decisions on relief applications from firms operating under the Corporations Act and National Consumer Credit Protections Act.

ASIC
LATEST PODCAST: A new record-low cash rate

Join Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.

Mortgage Business, Uncut
Financial literacy ‘not a substitute’ for regulation

The chair of a European-based financial regulator has defended ASIC’s new regulatory remit in response to suggestions that a renewed focus on financial literacy would limit the need for ...

ASIC
ASIC powers to protect borrowers from ‘poverty trap’

The corporate regulator’s new product intervention powers have been welcomed by the CEO of the Financial Rights Legal Centre, in the hope that they’ll protect borrowers from credit law ...

ASIC
ASIC seeks feedback on new complaints handling rules

The corporate regulator is seeking feedback on its newly-proposed internal dispute resolution rules on how financial services firms should handle customer complaints, including those on ...

ASIC seeks feedback on new complaints handling rules
ASIC issues industry funding notice to credit licensees

The corporate regulator has issued guidance to financial services and credit licensees bound by industry funding obligations.  

mortgagebusiness
Treasurer renews call for ‘free-flowing’ credit

Banks have a “social and economic responsibility” to maintain the flow of housing credit, Treasurer Josh Frydenberg has said, amid continued concerns over the impact of tighter lending ...

Josh Frydenberg
APRA reveals ‘constructively tough’ enforcement approach

APRA has revealed its plan to take a “constructively tough” approach to enforcement, including using the full range of its powers to address prudential risks and misconduct.

APRA
Fintechs need to self-regulate ‘aggressively’, warns ASBFEO

Alternative lenders need to self-regulate “aggressively and quickly” or risk government stepping in and regulating the industry, the small business ombudsman has warned.

Fintechs need to self-regulate ‘aggressively’, warns ASBFEO
APRA gears up for new data reporting era

The prudential regulator has provided an update on how it will carry out the implementation of a new data reporting system.

APRA
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