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Showing 101 - 110 of 359 results for "Credit card"

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... Centra Tech Inc. allegedly deceived investors by making claims about nonexistent business relationships with major credit card companies, fictional executive bios, and misrepresentations about the viability of the company's core financial services products. ...

Royal Commission case study: advice put retirement in ruins

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
A Westpac case study analysed by the Royal Commission has demonstrated the devastating impact of inappropriate financial advice. Providing testimony in the first case study of inappropriate advice to be explored by the Commission, former Westpac customer ...

Industry welcomes final Better Banking report

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
... products on offer by more than 50 per cent, cutting transaction fees for 1.3 million customers, offering a low rate credit card, and removing ATM fees." Hartzer also outlined that the report demonstrated the commitment of Westpac in implementing the ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
... information. Financial details were involved in 30% of notifiable data breaches, including bank account details and credit card numbers. Human error (50.79%) and malicious or criminal attacks (44.44%) accounted for more than 95% of all sources of breaches ...

Royal Commission could lead to credit crunch: UBS

ALEX BURKE  |  WEDNESDAY, 28 MAR 2018
... irresponsible lending. The report cited ANZ recently ceasing consumer loans for cars, boats and caravans and CBA suspending credit card and personal loan insurance. "Following intense questioning by the Royal Commission, we believe the banks' boards ...

ABA makes new code compulsory

KANIKA SOOD  |  MONDAY, 26 MAR 2018
... in December, asks retail banks to: provide plain English contracts for customers, stop unsolicited offers to raise credit card limits, give customers the ability to end credit cards online, and to inform customers about service fees before they are incurred. ...

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
The Royal Commission will set its sights on the financial advice industry in April, with the first hearing taking place on the 16th. The first round of public hearings commenced today and focused on consumer lending practices regarding credit products ...

General advice "misleading": Productivity Commission

JAMIE WILLIAMSON  |  WEDNESDAY, 7 FEB 2018
The Productivity Commission is calling for the existing notion of general advice to be scrapped. In its draft report into competition in the Australian financial system, the Productivity Commission argues the use of the term 'advice' should be limited ...

Macquarie adopts open banking solution

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2018
... provider Zip Co, which operates under its zipPay and zipMoney brands, will allow Macquarie customers to add banking and credit card accounts via personal financial management app Pocketbook. Zip Co acquired Pocketbook in 2016 and currently has more than ...

Financial advice crucial to industry fund members: Cbus

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2018
... offer personalised member advice services. "Whether it's advice to get finances under control and manage mortgage or credit card debt right through to replacing the pay packet at retirement, our members can access professional advice and assistance with ...