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ASIC’s Westpac appeal should give greater certainty to new entrants
The decision by ASIC to appeal the Federal Court’s decision in its Westpac case on responsible lending is aimed at giving greater...
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ASIC moves on short-term credit lending
In its first use of its product intervention powers, ASIC has moved on banning a particular short-term credit lending model that is...
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CUA hires new CEO
Australia’s largest credit union has found an internal candidate to take over from the well-respected Rob Rob Goudswaard. ...
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Industry sees merit in moving high value payments into the NPP
Parts of the industry see scope for the High Value Clearing System (HFCS) to move into the New Payments Platform, according to a...
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Emerging risks for non-bank lenders
While credit quality has not deteriorated for non-bank lenders around the world, weakening economies, market volatility, global...
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Fintech Australia supports move on fintech senate committee
FinTech Australia has supported the government’s move to set up a Senate Committee focused on fintech.
Under the drive of...
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Teachers Mutual offers ethical short-term deposits
All future wholesale short-term deposits from Teachers Mutual Bank will be certified as ethical by the Responsible Investment...
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Reporting season: How did banks compare on their mortgage books
Australia’s largest lender was clearly the standout in growing its loan book amid market and economic challenges while another one...
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Government eyes greater ASIC powers as regulator reveals investigations against big four
The Federal Treasurer Josh Frydenberg has sought consultation on draft legislation that will give the corporate regulator greater...
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