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Compliance

37 recommendations put forward to improve credit reporting

by Annie Kane • 5 Dec 2024
A new report undertaken by former APRA executive general manager, Heidi Richards, has been released by the... READ MORE

First internal dispute resolution report released

by Ben Squires • 5 Dec 2024
Home loans have been ranked among the top five most complained about banking and finance products in the Australian... READ MORE

Neither LMG nor Revenue NSW will appeal payroll tax orders

by Annie Kane • 3 Dec 2024
Loan Market Group (LMG) has revealed that neither it – nor Revenue NSW – will be pursuing a challenge of the... READ MORE

APRA slammed for ‘nonsensical’ decision to retain 3% buffer

by Will Paige • 28 Nov 2024
The Australian Prudential Regulation Authority (APRA) is under scrutiny over its decision to leave the mortgage... READ MORE

Finsure confims ‘cyber incident’ impacting customers and brokers

by Annie Kane and David Hollingworth • 27 Nov 2024
Aggregation Finsure has confirmed that the marketing data of a number of its brokers and customers has been impacted... READ MORE

3 per cent buffer to remain: APRA

by Annie Kane • 25 Nov 2024
The Australian Prudential Regulation Authority (APRA) has announced that it will keep its current macroprudential... READ MORE

ASIC to target lenders trying to avoid NCCP

by Annie Kane • 15 Nov 2024
The Australian Securities and Investments Commission (ASIC) has revealed the key areas where it will direct resources... READ MORE

NSW government must change payroll tax law: MFAA

by Annie Kane • 7 Nov 2024
With final orders having been handed down for the long-running payroll tax court case between Loan Market Group (LMG)... READ MORE

Final orders handed down in Loan Market payroll tax case

by Annie Kane • 6 Nov 2024
The long-running court case between Loan Market Group (LMG) and Revenue NSW regarding payroll tax on its brokers’... READ MORE

AFCA complaints hit new record in FY24

by Annie Kane • 28 Oct 2024
The Australian Financial Complaints Authority (AFCA) has released its annual review for the financial year ending... READ MORE

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

by Annie Kane • 25 Oct 2024
The Australian Prudential Regulation Authority (APRA) has countered suggestions that serviceability buffer reform may... READ MORE

ASIC unconvinced easing RLOs would increase ‘affordable credit’

by Annie Kane • 24 Oct 2024
Delivering the keynote address at the 34th Annual Credit Law Conference on Thursday ( 24 October), ASIC commissioner... READ MORE

ABA backs ‘conversations’ on changing buffers

by Annie Kane • 24 Oct 2024
The Senate inquiry into the financial regulatory framework and home ownership – run by the economics references... READ MORE

Industry rails against broker remuneration review calls

by Annie Kane • 22 Oct 2024
Senior industry leaders have hit back at a recommendation made by consumer groups for a new ASIC review into broker... READ MORE

Mortgage rules hurting first home buyers: Senator Bragg

by Annie Kane • 21 Oct 2024
On Wednesday (16 October), the Senate inquiry into the financial regulatory framework and home ownership was held by... READ MORE
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