Powered by MOMENTUM MEDIA
Broker Daily logo

asic

3 June 2024

New research has found that Australians are opting for other methods to meet debt repayments instead of reaching out for financial assistance.

20 August 2024

ASIC has celebrated one year since establishing investment scam disruption. In this time, the commission has taken down over 7,300 phishing and investment scam websites, totalling around 20 ...

6 July 2023

An Indigenous wealth advocacy foundation calls for improved financial literacy support from banks in First Nations communities.

18 April 2023

A former property scheme promoter has been sentenced to eight and a half years’ imprisonment.

16 April 2024

The regulator’s chief executive is due to step down from his role as ASIC enters the “next phase of its transformation”.

18 January 2023

The regulator’s commissioner, Sean Hughes, will end his term on 3 February 2023, ASIC has announced.

24 June 2019

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.

20 November 2023

The regulator has opened consultation to the banking association’s proposed changes to its code.

14 August 2023

The corporate regulator has released a consultation paper seeking feedback on proposals to extend product intervention orders on short-term credit facilities.

19 December 2022

The High Court has dismissed special leave applications by short-term lender Cigno and BHF Solutions.

3 August 2021

The corporate regulator has commenced civil proceedings in the Federal Court against credit assistance provider General Commercial Group and lender Eden Capital.

4 April 2023

The regulator has begun proceedings into the alleged unfair contract terms by the general insurance company.

31 October 2024

The government body has slammed the non-bank lender after allegedly partaking in inappropriate lending practices that disadvantaged consumers.

19 October 2021

The financial services regulator is taking the debt collection company to court, over allegations that it breached its credit licensee obligations and may have caused consumer harm.

19 December 2022

In its first DDO civil penalty action against a distributor of financial products, ASIC is taking Firstmac to court for allegedly breaching design and distribution obligations.

12 September 2017

In a bid to address the issues that affect older Australians, the Australian Securities and Investments Commission will impose greater scrutiny on reverse mortgages.

29 August 2023

The corporate regulator will focus on protecting vulnerable consumers and small businesses, as part of its corporate plan.

22 June 2023

The regulator confirmed it will continue to look into how AI is being applied in regard to lending.

1 November 2022

A new inquiry has been commissioned by the Senate into the Australian Securities and Investments Commission.

30 August 2023

In an open letter to 30 large lenders, the corporate watchdog has urged them to step up their support for customers grappling with financial hardship.