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House to weigh bill to give ASIC competition powers
Competition & Consumer Protection 2018-03-28 3:25 pm By Cat Fredenburgh

A measure to add competition concerns to the mandate of the Australian Securities and Investments Commission was formally introduced in the House on Wednesday. The […]

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Report calls for stronger consumer protections for life insurance
Financial Services 2018-03-27 9:43 pm By Cat Fredenburgh

A joint parliamentary report released today blasted consumer protections for life insurance as weak, and called for an expansion of consumer protection laws to the […]

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Cardtronics settles with ACCC over small business contracts
Financial Services 2018-03-27 4:07 pm By Cat Fredenburgh

ATM provider Cardtronics has agreed to change its small business contract, after the Australia’s consumer regulator found some of the terms of the contract were […]

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RBS to pay $12.58 million to settle class action
Financial Services 2018-03-27 2:05 pm By Cat Fredenburgh

The Royal Bank of Scotland has agreed to pay $12.58 million to settle a consumer class action brought on behalf of purchasers of its financial […]

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Insurers could be next target of unfair contract law expansion
Financial Services 2018-03-23 9:06 pm By Cat Fredenburgh

The Australian government is mulling whether to extend unfair contract laws to insurance contracts, Finance Minister Kelly O’Dwyer said. Speaking before the Financial Services Council […]

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DibbsBarker to close up shop following Dentons deal
Business of Law 2018-03-22 10:11 pm By Cat Fredenburgh

DibbsBarker is closing its doors after signing a deal that will see 17 partners and support staff move to Dentons, the world’s largest firm. The […]

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Life insurer to refund customers $900K for cost of living increases
Financial Services 2018-03-22 3:52 pm By Cat Fredenburgh

Life insurer TAL Direct Pty Ltd has agreed to refund 1,200 funeral insurance customers after telling ASIC it violated the terms of their policies by […]

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ASIC gets new competition mandate
Financial Services 2018-03-19 10:08 pm By Cat Fredenburgh

Australia’s securities regulator will soon have a new mandate – overseeing competition in the financial sector. In an address at the ASIC Annual Forum in […]

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Equifax duped customers, ACCC says in enforcement action
Financial Services 2018-03-16 10:23 am By Christine Caulfield

The consumer regulator has launched enforcement action against Equifax, accusing the credit reporting company of duping vulnerable customers into paying for credit reports that were […]

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ASIC to crack down on unfair lending contracts
Financial Services 2018-03-15 4:49 pm By Christine Caulfield

ASIC put banks and other lenders on notice Thursday that unfair lending contracts aimed at small business will be an enforcement priority for the securities […]

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