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Consumer representative positions: Banking & Insurance Code Compliance Monitoring Committees

The Financial Ombudsman Service is seeking two consumer representatives for the monitoring committees for the Codes of Banking Practices and the General Insurance Code of Practice.

By | April 27th, 2012|Banking, Consumer Representative Postitions, Everyday Consumer, Insurance|Comments Off on Consumer representative positions: Banking & Insurance Code Compliance Monitoring Committees

ASIC releases first six-monthly enforcement report

The report outlines categories of gatekeepers against whom ASIC has taken action including financial advisers, responsible entities, credit licensees, market participants, directors, company officers, insolvency practitioners and auditors. It includes detailed statistics over a six month period.

By | April 3rd, 2012|ASIC, Banking, Credit, Insurance, Investment, News, Payment systems, Superannuation|Comments Off on ASIC releases first six-monthly enforcement report

ASIC raises concerns about CBA credit limit increase invitations

ASIC today announced it has accepted a court enforceable undertaking (EU) from Commonwealth Bank of Australia (CBA) following concerns that a message sent to its internet banking customers was misleading.

By | March 7th, 2012|Banking, Credit, Everyday Consumer, Finance|Comments Off on ASIC raises concerns about CBA credit limit increase invitations