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Showing 101 - 110 of 7451 results for "Consumer"

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... activities authorised by the credit licence were engaged in efficiently, honestly and fairly." It also "failed to comply with consumer credit law." Customers, who were struggling to meet repayments on home loans, credit cards, personal loans and car ...

FAAA pushes for 'fundamental' changes to CSLR

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... sustainability consultation that recently wrapped up. "Thus, at present the MIS sector makes no contribution to resolving consumer harm that its failures have substantially contributed to. It also unfairly and inaccurately casts financial advice as the ...

Cbus pushes for lead generator ban

VINNY VUCAGO  |  TUESDAY, 26 MAY 2026
... data and funnel consumers toward super switching and investment products. Cbus argued the practice was contributing to consumer harm, pointing to the collapse of the Sheild and First Guardian funds, where more than 11,000 Australians collectively lost ...

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... annually, while the Gateway Network Governance Body's funding levy of $1.4 million was steady. The superannuation consumer advocate body's levy was also flat at $1 million. For all Commonwealth agencies, the total levy comes to $297.3 million ...

AFCA appoints lead superannuation ombudsman

VINNY VUCAGO  |  MONDAY, 25 MAY 2026
... Australians," he said. The appointment comes as AFCA continues to sharpen its focus on how financial firms implement consumer protection and hardship frameworks in practice. In its latest Systemic Issues Insight Report released last week, AFCA warned ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
Regulators are putting the pressure on life insurers to manage problematic issues arising from total and permanent disability (TPD) products offered across the retail and group insurance channels, a recent roundtable heard. ASIC and APRA warned providers ...

ASIC backs Australia's fintech edge as AI reshapes financial services

VINNY VUCAGO  |  FRIDAY, 22 MAY 2026
... ahead," Longo said. The report forms part of ASIC's broader push to support responsible innovation while maintaining consumer protections and market integrity, as regulators globally grapple with the rapid adoption of AI and digital finance technologies. ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI  |  FRIDAY, 22 MAY 2026
Latest findings from the Australian Financial Complaints Authority (AFCA) show that despite frameworks existing for consumer hardship, weaknesses arise in how those policies were implemented in practice. The eighth edition of the Systemic Issues Insight ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... fraudulent promoters, responsible entities and investment managers are commendable, as are the initiatives to strengthen consumer protections." O'Brien added Equity Trustees is assisting the liquidators of First Guardian to achieve the best possible ...

Emerging markets progress from consumption to innovation: Experts

KARREN VERGARA  |  WEDNESDAY, 20 MAY 2026
... world'," he said. Emerging markets are synonymous with significant demographic shifts that underpin consumption and consumer confidence. But it is the innovation piece in emerging markets, Treves noted, taking shape. "It's emerging markets companies ...