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The government’s expansion of its Home Guarantee Scheme has had mixed reviews, with commentators questioning how much it will push up house prices and others cautioning borrowers against using the sch.. read more

A review of insolvent trading safe harbour provisions introduced into the Corporations Act in 2017 paints a picture of a confusing policy initiative that was poorly implemented. The government’s respo.. read more

APRA has announced changes to its executive ranks, including the appointment of a new executive director insurance, a new general counsel and a new chief financial officer. read more

Buy now pay later company Laybuy has been hit with “prolonged, elevated credit and fraud losses” in its UK business since the start of the year, the company reported in an update yesterday. read more

An estimated 6.9 per cent of Australians aged 15 and over experienced card fraud in the 2020/21 financial year, making it the most common type of fraud. read more

A group of central banks, including the Reserve Bank of Australia, has completed a trial using a shared platform to complete international settlements using multiple central bank digital currencies. read more

Some customers owned banking institutions do not have robust breach reporting frameworks and are not meeting their Customer Owned Banking Code commitments. read more

The High Court has ruled that a lender cannot rely on the fact that a loan guarantor has received independent advice to enforce a guarantee if unconscionable conduct is involved in the transaction. read more

Finfluencers have been warned that they must comply with financial services laws or risk “substantial penalties”, and they should think carefully about their content. read more

Banks passed on all of their funding cost reductions, and then some, to borrowers over the past two years, according to Reserve Bank analysis of banking industry costs. read more