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Westpac has provided around A$11.3 million in remediation to about 3,400 credit card customers, following a 2014 review by ASIC of credit card providers' invitations to customers to increase limits. read more

ANZ will refund A$10.2 million to more than 52,000 'Business One' credit card accounts, after it failed to disclose - or incorrectly disclosed - fees and interest charges for the product. read more

In the federal court, Westpac is arguing it was under no obligation to act in the best interests of clients under the Future of Financial Advice laws because it was selling its super products rather t.. read more

BIS general manager Agustin Carstens has called on financial authorities to ensure that "parasitical" cryptocurrencies do not become entrenched, posing a risk to financial stability. read more

ASIC has asserted in Federal Court that Westpac and its wealth division BT used bonuses and highly sophisticated sales techniques to convince customers to roll over superannuation into Westpac account.. read more

Lloyds Banking Group has told customers at Lloyds, Bank of Scotland, Halifax and MBNA that it will not recognise virtual currency transactions on its credit cards. read more

We are excited to announce the Inaugural Fraud Detection and Investigation 2018 Summit! Held from 1-2 May at the Novotel Sydney Central, the summit  will address innovating fraud investigation.. read more

Customer Experience is fast becoming the No.1 priority across every industry, with the Banking and Finance sector being impacted most.This exclusive report "Top 7 Customer Experience Predictions for.. read more

Commonwealth Bank will have three months to file a defence to ASIC allegations of misconduct in the bank bill swap market, a federal court judge ruled on Friday. read more

US non-bank lender Quicken has taken over from Wells Fargo as the top retail mortgage lender in the us - just as Wells Fargo is slapped with an asset freeze by the Fed for "years of wrongdoing". read more