62

A Treasury review of AFCA calls for the watering down of the emphasis on “fairness”, and for some restrictions on the complaints authority’s activities. read more

Debt investors wanting to know when Australian ADIs will be back in full swing raising funds in the wholesale market may have to wait a little longer for an answer. read more

TPT Wealth, the investment management arm of MyState Ltd, is planning a “major expansion” of its commercial lending business. read more

Commonwealth Bank will absorb correspondent bank fees on all foreign exchange transfers, saying it wants to make international money transfers simpler and cheaper.  read more

Buy now pay later company Laybuy is growing its business at the expense of consumers who can’t afford its credit product. read more

The big banks have some work to do to get their Consumer Data Right privacy safeguards up to best practice, according to a review of their performance. read more

The market for green consumer finance products has grown strongly over the past couple of years and providers are encouraging take-up with attractively priced offers. read more

After reaching an all-time high of US$296 trillion in the June quarter, the level of global debt eased a little in the September quarter and is expected to finish the year at $295 trillion. But the re.. read more

The government has made a regulation under the National Consumer Credit Protection Act extending the exemption from responsible lending rules that applies to small business lending. read more

Credit repair companies, debt management companies and debtor representatives being paid to represent disgruntled consumers continue to cause problems for the financial ombudsman service. read more