Compliance

APRA slammed for ‘nonsensical’ decision to retain 3% buffer
by Will Paige • 28 Nov 2024
The FBAA has called for government intervention over APRA’s “nonsensical” decision to keep the serviceability... READ MORE

Finsure confims ‘cyber incident’ impacting customers and brokers
by Annie Kane and David Hollingworth • 27 Nov 2024
The aggregator has confirmed the incident after “almost 300,000 unique” Finsure emails were added to the data leak... READ MORE

3 per cent buffer to remain: APRA
by Annie Kane • 25 Nov 2024
The prudential regulator has maintained that the 3 per cent buffer will remain, amid widespread calls for the regulator... READ MORE

ASIC to target lenders trying to avoid NCCP
by Annie Kane • 15 Nov 2024
Business models designed to avoid consumer credit protections and used car finance will be enforcement priorities for... READ MORE

NSW government must change payroll tax law: MFAA
by Annie Kane • 7 Nov 2024
The broking association has urged the NSW government to change payroll tax law to make it more transparent. READ MORE

Final orders handed down in Loan Market payroll tax case
by Annie Kane • 6 Nov 2024
The aggregator’s protracted payroll tax case has reached a conclusion, with final orders being handed down. READ MORE

AFCA complaints hit new record in FY24
by Annie Kane • 28 Oct 2024
The financial complaints body received more than 100,000 complaints in a financial year for the first time, setting a... READ MORE

APRA defends 3 per cent buffer, flags that exceptions are available

by Annie Kane • 25 Oct 2024
The prudential regulator has told the Senate inquiry that it believes the 3 per cent buffer is appropriate, but... READ MORE

ASIC unconvinced easing RLOs would increase ‘affordable credit’
by Annie Kane • 24 Oct 2024
An ASIC commissioner has cast doubt on suggestions that easing responsible lending obligations would make credit more... READ MORE

ABA backs ‘conversations’ on changing buffers
by Annie Kane • 24 Oct 2024
The banking industry association has told the Senate home ownership inquiry it believes APRA’s 3 per cent... READ MORE