Australia’s five biggest banks have paid out $21.4 million since the end of 2016 to consumers harmed by advice that violates financial services regulations, the […]
The ACCC has set out its priorities for 2018, and bigger penalties for big business flouting competition laws is top of the agenda, the commission’s […]
S&P Global Ratings has reached a settlement in an Australian class action by investors who bought collateralised debt obligations rated healthy by the U.S. credit […]
A Federal Court judge in Melbourne has slapped Australia and New Zealand Banking Group with a $5 million fine for failing to properly vet customers’ […]
A new bill that will crack down on predatory credit card lending practices sailed through Parliament on Thursday, the first reforms to pass in the […]
The Royal Bank of Scotland has reached a settlement in a consumer protection class action on the eve of trial in the Federal Court. The […]
Australian consumers will soon be able to lodge complaints about banks and other financial institutions with a newly established body overseen by the securities regulator. […]
A Federal Court judge on Friday signed off on $100 million in settlements between Australia’s securities regulator and National Australia Bank and Australia & New […]
Citibank will provide refunds of $3.3 million to credit card customers for failing to refund them when their credit card accounts were closed with an […]
The Australian Securities and Investments Commission has won a $1 million penalty against a financial advice firm for breaching the so-called best interest duty, the […]