Industry Updates

Keep Yourself Informed

ASIC cracks down on unlicensed advice

ASIC continues to crack down on unlicensed operators following reports about individuals and corporations providing financial product advice without an Australian financial services (AFS) licence.
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Credit reporting laws a win for small businesses: Banking Association

The Australian Banking Association (ABA) has welcomed the passage of the new Comprehensive Credit Reporting (CCR) laws in Parliament, saying that the laws will help lead to better deals for customers with a good credit history and offer better support to those experiencing financial difficulty.
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Australian banks pledge to stamp out dodgy debt vultures that are ripping off customers

Australian banks have implemented an industry-wide pledge not to deal with dodgy debt vultures that prey on vulnerable customers by making misleading claims of wiping away financial difficulty.