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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.

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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 failing to turn off cost of living increases.

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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.

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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 only as good as its free reports.

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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 regulator.

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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 by its newly formed financial services unit.

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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 people who are sold the insurance are not eligible to make a claim.

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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.

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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 last year for $133 million. 

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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 for a dedicated financial services competition regulator.

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