ASIC guidance on new responsible lending laws
Regulator signals tougher responses to deliberate breaches of the National Consumer Credit Protection Act 2009.
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peter kell
New guidance on fees for financial advisers
ASIC’s Guide to what must be provided to consumers under FOFA reforms
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Are insurance and credit comparison websites accurate?
ASIC warns operators to comply with consumer protection laws
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FOFA: Disengaged clients shouldn’t pay ongoing fees for low value services
ASIC will require Codes to achieve same outcomes as the FOFA opt-in requirement.
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ASIC consults on FOFA conflicted remuneration provisions
FOFA reforms are intended to better align the interests of financial advisers and their retail clients.
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ASIC releases report on home loan exit fees
Three-quarters of the 20 lenders it surveyed failed to hold records of how they calculated how much borrowers should be charged.
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GE Money changes personal loan online advertising: ASIC action
Concerns that advertising was potentially misleading underlay ASIC action.
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New code makes it easier to change bank
ASIC releases new guidelines which make it easier to swicth banks.
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ASIC consults on new guidelines for credit advertisements
Peter Kell
ASIC has released a consultation paper about credit advertising to promote good practice.
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ASIC wants more rights for investors using platforms
ASIC logo
ASIC today announced it is reviewing its regulatory approach to platforms as part of broader efforts to promote investor confidence in the sector.
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ASIC raises concerns about CBA credit limit increase invitations
ASIC logo
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.
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ASIC releases guidance on advertising financial products
Peter Kell
ASIC has released guidance to help promoters comply with their legal obligations when advertising financial products and services.
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