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Regulations clarifying what constitutes mortgage broker conflicted remuneration have been registered, finalising the details of the broker best interests duty that takes effect next year. read more

Privacy and confidentiality are the Code of Banking Practice obligations that banks breach most commonly, followed by ensuring that staff are properly trained and competent, and responsible lending. read more

It would be nice to argue that the banks have done a great job and it is time to loosen the reins on responsible lending, but that is not the case. read more

After almost a year of uncertainty about debt buyer Pioneer Credit’s future, it’s back to business. read more

Business late payment times had their sharpest increase in 10 years, illion reports in its June quarter Late Payment report. read more

The A$1.3 billion fine that the Federal Court is likely to impose on Westpac for its breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act is only part of the cost the bank faces a.. read more

La Trobe Financial has completed its second transaction in the securitisation market this year, raising A$500 million to add to the $1.25 billion it raised in May. This time around it got better prici.. read more

Around three-quarters of the ombudsman’s rulings on complaints to AFCA that made it all the way to adjudication in 2019/20 went in favour of the financial institution - with some noteworthy exceptions.. read more

Buy now pay later company Sezzle is extending its product range, courtesy of a partnership with US fintech Ally Financial. read more

ASIC has told investment managers to ensure their products names align with the underlying assets. read more