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Regulation

ASIC on alert over risk-based pricing

A financial services company has changed its advertising of personal loans and debt consolidation loans following ASIC's concerns that the advertising was potentially misleading.

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Regulators to investigate bank mortgage data

Next year APRA, the Reserve Bank and the Australian Bureau of Statistics will undertake a thorough review of the home loan data collected from Australian banks following the emergence of ...

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APRA mortgage scrutiny to continue into 2016

The prudential regulator has affirmed that its scrutiny of mortgage lending will continue to be a key feature of its supervision activities in the 2016 financial year.

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Regulatory pressure could see smaller banks lift rates

Australia’s smaller banks could come under pressure to join the majors in raising their variable mortgage rates if they start to see significant demand for home loans as a result of ...

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Troubling figures reveal scale of credit application fraud

Australian data analytics company Veda has released a new report that shows the prevalence of credit application fraud in bank branches, mortgage broker and online channels.

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Investor tide already turned before APRA action

A prominent Sydney buyer’s agent and author has suggested investor numbers were already dropping off months before APRA introduced measures to restrict investment lending.

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ASIC cancels AFSL of SME insurer

The corporate watchdog has cancelled the AFS licence of a West Australian insurance broker and its related entities.

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ASIC accepts EUs from two former AMP reps

ASIC has accepted enforceable undertakings from two Queensland financial advisers following concerns over their compliance with financial services laws.

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Mutuals not immune to risks, says ASIC

The corporate watchdog has warned Australia’s customer-owned banks that they are not immune from the risks associated with poor corporate culture and subsequent “less than satisfactory” ...

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ASIC investigation exposes high price of consumer leases

The corporate watchdog has released a new report detailing the unforeseen costs associated with consumer leases.

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