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Regulation

Treasury proposes CDR changes for non-banks

The Treasury has proposed new changes aimed at enhancing consent and transparency within the CDR framework for the non-bank sector.

ASIC to crack down on predatory lending

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

ASIC welcomes 3 new commissioners 

The new commissioners will join the regulator from CHOICE, CBA, and the Commonwealth Treasury.

Slow uptake for mortgages: RBA digital currency pilot

The adoption of digital currency for mortgages is anticipated to progress at a ‘slower’ pace compared to other categories of financial assets, the pilot report has revealed.

Union push for RBA board not ‘controversial’: Treasurer

The federal Treasurer has addressed the criticisms aimed at union representatives being appointed to the central bank’s board.

HAFF submissions to close in a week

Submissions regarding the HAFF Bill’s second referral to the economics legislation committee will shut next week.

AMP agrees to $110m settlement in class action

AMP has reached an agreement to settle a shareholder class action, ahead of a three-week trial.

National cabinet agrees to new ‘ambitious’ housing target

The national cabinet has agreed to an updated target of 1.2 million new homes over five years.

Unauthorised banker hit with injunctions

APRA has welcomed the Federal Court’s decision to prohibit Andrew Morton Garrett from operating unauthorised banking businesses.

CBA adopts LIXI2 data standards

The big four bank has committed to adopting the suite of LIXI2 data standards within its data integrations and APIs to help simplify its home lending experience.

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