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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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Banks slammed for uncompetitive mortgage pricing
Financial Services 2018-03-15 1:32 pm By Cat Fredenburgh

Australia’s largest banks are weak when it comes to offering competitive prices on residential mortgages, Australia’s consumer regulator said Thursday in the first review undertaken […]

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Banks may face credit card insurance class action
Financial Services 2018-03-13 8:59 pm By Cat Fredenburgh

Slater and Gordon is mulling a class action against Australian banks over credit card insurance, which the firm describes as “worthless” and “junk” because many […]

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S&P settlement free of litigation funder’s ‘premium’, judge told
Securities 2018-03-08 9:51 pm By Jennifer Cooke

A judge was asked Thursday to approve a confidential settlement in a class action against S&P Global over its ratings on synthetic collateralised debt obligations, […]

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Ex-Provident Capital director can appeal ASIC ban
Securities 2018-03-07 1:39 pm By Cat Fredenburgh

The former head of collapsed debenture firm Provident Capital has gotten court approval to appeal a ruling banning him from managing companies. Justice Nye Perram […]

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Westpac to face off against ASIC in September trial
Competition & Consumer Protection 2018-03-06 8:13 pm By Jennifer Cooke

Westpac will again take its chances at trial against ASIC, this time in a case alleging the bank breached responsible lending laws. In a hearing […]

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Maurice Blackburn faces referee over fees in QBE class action
Securities 2018-03-02 10:57 am By Cat Fredenburgh

A judge has called for a referee to look at Maurice Blackburn’s fees for running a shareholder class action against QBE Insurance that settled late […]

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ACCC ready to tackle competition in finance sector
Financial Services 2018-02-28 2:09 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission said it is well positioned to investigate competition in the financial sector, in response to a recent report calling […]

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Bank of Queensland settles class action over Sherwin scam
Securities 2018-02-27 9:13 am By Christine Caulfield

The Bank of Queensland has reached a settlement close to trial in a class action brought by investors in a multi-million dollar Ponzi scheme masterminded […]

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Australian litigation funder values caseload at $4.7B
Class Actions 2018-02-26 2:38 pm By Cat Fredenburgh

It might be in the glare of a government inquiry, but business is booming for Australian litigation backer IMF Bentham, which says its estimated caseload […]

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