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The Australian Financial Security Authority wants creditors, including banks, to do more to keep their debtors out of the hands of untrustworthy insolvency advisers. read more

The ACCC has made good on its threat to take enforcement action against data holders that are not meeting their obligations under Consumer Data Right rules, fining Bank of Queensland A$133,200. read more

Buy now pay later companies Zip Co and Sezzle have terminated their merger agreement and Zip has agreed to make a US$11 million termination payment. read more

EML Payments has announced a change of leadership, as it tries to shake off the lingering effects of the regulatory intervention of the Central Bank of Ireland in its overseas operations last year. read more

Four people involved in running remittance businesses have received prison sentences for fixing foreign exchange rates and fees – an Australian competition law first. read more

ASIC has adopted a “no-action” position to allow large banks to withhold the reporting of credit information on consumer credit reports “where reporting the information could lead to consumer harm, in.. read more

The Australian Banking Association confirmed that its members have wide-ranging forbearance measures in place to support customers affected by recent floods. read more

The 2021 census shows Australian home ownership levels remaining steady over the years but the proportion of households owning outright falling sharply. read more

The Federal Court has flexed its muscles in a dispute between a lender and the owner of an insolvent business, ordering the sole director of the company to surrender his passport and not travel outsid.. read more

Depositors had a better time of it in June, with a number of banks lifting their at-call savings rates and many increasing term deposit rates. read more