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467 media releases found matching the topic "Credit"
23 August 2019 MEDIA RELEASE
19-222MR ASIC sues NAB for dealing with unlicensed home loan introducers: Royal Commission case study

ASIC has commenced proceedings in the Federal Court against National Australia Bank (NAB) for breaches of the law arising from failures with its ...

13 August 2019 MEDIA RELEASE
19-210MR ASIC’s responsible lending case dismissed by Federal Court

On 1 March 2017, ASIC commenced Federal Court proceedings against Westpac to test the responsible lending provisions of the National Consumer Credit ...

7 August 2019 MEDIA RELEASE
19-202MR Details for public hearings on ASIC’s responsible lending guidance announced

ASIC will hold public hearings in Sydney on the 12th of August and Melbourne on the 19th of August. The hearings are part of the wider public ...

1 August 2019 MEDIA RELEASE
19-199MR ASIC update on compensation by institutions for poor financial advice

Australia's five largest banking and financial services institutions have paid a total of $119.7 million in compensation as at 30 June 2019 to ...

25 July 2019 MEDIA RELEASE
19-191MR ASIC sues ANZ for misrepresentations and unconscionable conduct over account fees

ASIC confirms that it has now commenced proceedings in the Federal Court against Australia and New Zealand Banking Group Limited (ANZ). In these ...

18 July 2019 MEDIA RELEASE
19-188MR ASIC proposes to ban unsolicited telephone sales of life insurance and consumer credit insurance

ASIC is inviting feedback on its proposal to ban unsolicited telephone sales of direct life insurance and consumer credit insurance (CCI). Such a ban ...

11 July 2019 MEDIA RELEASE
19-180MR ASIC finds unacceptable sales practices, poor product design and significant remediation costs in CCI sold by major banks and lenders

ASIC’s review of the sale of consumer credit insurance (CCI) by 11 major banks and other lenders has found that the design and sale of CCI has ...

9 July 2019 MEDIA RELEASE
19-177MR ASIC consults on proposal to intervene to stop consumer harm in short term credit

ASIC has released a consultation paper (CP 316) on the first proposed use of its new product intervention power. On this inaugural occasion, ASIC is ...

1 July 2019 MEDIA RELEASE
19-163MR ASIC publishes submissions and announces public hearings on responsible lending guidance

ASIC will hold public hearings as part of the wider public consultation on its guidance on the responsible lending obligations. This consultation ...

28 June 2019 MEDIA RELEASE
19-162MR ASIC approves an updated Banking Code of Practice

ASIC has approved an updated version of the Australian Banking Association's (ABA's) new Banking Code of Practice (the Code). Since ASIC approved ...

Last updated: 23/03/2016 03:08