Federal Court orders Westpac to pay $26 million penalty for hardship failures
Federal Court orders Westpac to pay $26 million penalty for hardship failures
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Bank
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Consumer Credit in Australia
Consumer Credit regulatory updates from Australia.
Federal Court orders $33.5 million penalty against Snaffle operator for inflating prices and overcharging on credit contracts
Federal Court orders $33.5 million penalty against Snaffle operator for inflating prices and overcharging on credit contracts
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FintechPayment Provider
Cigno Australia and director Mark Swanepoel, BSF Solutions and director Brenton Harrison, to pay $7 million in penalties for Credit Act breaches
Cigno Australia and director Mark Swanepoel, BSF Solutions and director Brenton Harrison, to pay $7 million in penalties for Credit Act breaches
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FintechAll Firms
Mecca companies pay $594,000 in infringement notices for failing to lodge financial reports on time
Mecca companies pay $594,000 in infringement notices for failing to lodge financial reports on time
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FintechPayment Provider
High Court finds in favour of ASIC on an appeal by Sunshine Loans
High Court finds in favour of ASIC on an appeal by Sunshine Loans
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All Firms
ASIC urges Gen Z to ‘sense-check’ money advice as social media fuels riskier financial decisions
ASIC urges Gen Z to ‘sense-check’ money advice as social media fuels riskier financial decisions
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BankFintechCrypto Exchange
Remedy Housing officers sentenced for dishonesty offences
Remedy Housing officers sentenced for dishonesty offences
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BankFintech
ASIC bans former credit and financial services representative Neil Andrew Cato for 5 years
ASIC bans former credit and financial services representative Neil Andrew Cato for 5 years
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BankFintech
ASIC cancels Australian credit licence of John Adicho
ASIC cancels Australian credit licence of John Adicho
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All Firms
ASIC disqualifies Victorian property development director Kylie Campbell for 5 years
ASIC disqualifies Victorian property development director Kylie Campbell for 5 years
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Asset ManagerWealth ManagerBank
Director of WA tiling business charged with making false statement
Director of WA tiling business charged with making false statement
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BankFintechAll Firms
Collection agency company director loses appeal against conviction for obtaining a financial advantage by deception
Collection agency company director loses appeal against conviction for obtaining a financial advantage by deception
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All Firms
RAMS penalised $20 million for widespread compliance failings regarding home loans
RAMS penalised $20 million for widespread compliance failings regarding home loans
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Topics:
BankFintech
ASIC cancels Australian credit licence of GS-APAC Pty Ltd
ASIC cancels Australian credit licence of GS-APAC Pty Ltd
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BankFintech
ASIC successfully defends special leave application to the High Court by Cigno Australia director Mark Swanepoel and BSF Solutions director Brenton Harrison
ASIC successfully defends special leave application to the High Court by Cigno Australia director Mark Swanepoel and BSF Solutions director Brenton Harrison
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FintechAll Firms
ASIC drives car finance providers to improve consumer outcomes
ASIC drives car finance providers to improve consumer outcomes
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Topics:
BankFintech
ASIC disqualifies NSW hospitality director for five years
ASIC disqualifies NSW hospitality director for five years
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BankFintechAll Firms
Former director of private lending companies permanently banned over fraud conviction
Former director of private lending companies permanently banned over fraud conviction
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BankFintechAll Firms
ASIC issues DDO stop order against City Finance Lending Pty Ltd
ASIC issues DDO stop order against City Finance Lending Pty Ltd
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FintechBank
ASIC issues DDO stop order against FXCM for TMD deficiencies
ASIC issues DDO stop order against FXCM for TMD deficiencies
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Broker DealerFintech
Business lender and loan introducer together penalised $515,000 over credit law breaches
Business lender and loan introducer together penalised $515,000 over credit law breaches
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BankFintech
ASIC bans Sydney mortgage broker for ten years and cancels her Australian credit licence
ASIC bans Sydney mortgage broker for ten years and cancels her Australian credit licence
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All Firms
ASIC suspends Australian credit licence of Transitional Funding Pty Ltd
ASIC suspends Australian credit licence of Transitional Funding Pty Ltd
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All Firms
ASIC secures nearly $40 million in refunds to investors and drives change after CFD sector falls short
ASIC secures nearly $40 million in refunds to investors and drives change after CFD sector falls short
Sectors:
Topics:
Broker DealerFintech