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The government’s allocation of 30,000 additional places under its First Home Loan Deposit Scheme, New Home Guarantee and a new scheme, Family Home Guarantee, took effect yesterday. read more

The Full Federal Court has dismissed an application by finance company Cigno Pty Ltd, seeking to quash an ASIC product intervention order in relation to the provision of short-term credit. read more

The question of whether lawyers, accountants, real estate agents and other professional service providers should be regulated under anti-money laundering and counter-terrorism financing law is about t.. read more

A bill clarifying ASIC’s product intervention power in relation to fees and charges paid by consumers was passed last week. read more

Breaking up Westpac is hard to do, and the bank has decided to retain ownership of Westpac New Zealand, announcing yesterday that there will be no demerger and it will continue to hold 100 per cent of.. read more

Consumer legal services and financial counsellors have responded to the Federal Court’s ruling in the Cigno and BHF Solution payday lending case, describing it as “extremely disappointing” and “very n.. read more

The customer owned banking sector’s own watchdog has found ongoing problems with the way customer owned banks are handling CCI issues. read more

Openpay is the latest BNPL provider to make a big push overseas, with its announcement yesterday that it will acquire United Kingdom BNPL company Payment Assist, which specialises in funding automotiv.. read more

A set of changes to anti-money laundering and counter-terrorism financing law, designed to streamline processes and reduce compliance costs, as well as strengthen parts of the regime, has kicked in. read more

Teachers Mutual Bank is hoping to kill two birds with one stone, with the launch of its new digital-only brand Hiver. read more