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Showing 21 - 30 of 356 results for "Credit card"

Young women report low financial literacy: NAB

CASSANDRA BALDINI  |  FRIDAY, 24 NOV 2023
... "Financial literacy is about more than being able to put together a budget; it extends to understanding how to manage a credit card to your advantage and being able to figure out the best way to make big purchases happen." Chambers said the research ...

ANZ breached disclosure laws in 2015 raise: Court

CHLOE WALKER  |  MONDAY, 16 OCT 2023
... month, ANZ was hit with a $15 million penalty for misleading customers over the funds available to them in select credit card accounts.

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... ordered to pay $15 million by the Federal Court for misleading customers over the funds available to them in select credit card accounts. The Court found that ANZ breached both the ASIC and the National Consumer Credit Protection Act by falsely indicating ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... 4849. These shot up 31% in the June quarter. Home loan complaints rose 10% annually but grew 19% quarter on quarter. Credit card complaints rose 15% year on year and more than doubled at 34% quarter on quarter. Buy now pay later (BNPL) complaints were ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
Archaic payment systems could soon be a thing of the past following government plans to wind down outdated methods like cheques. Treasurer Jim Chalmers handed down a five-point strategic plan yesterday in front of the Australian Banking Association ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... heard that some people are opening multiple BNPL accounts, to access far more debt than they'd be able to get on a credit card or a payday loan," he said. "We have also heard that some people may be weaponising BNPL products in abusive relationships ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
The number of superannuation complaints have slashed while those related to financial advisers have shot up, the latest statistics from the Australian Financial Complaints Authority (AFCA) shows. In the six months to December 2022, AFCA received 2538 ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... describing who the credit cards would be appropriate for and how the cards should be distributed. The DDO also requires credit card issuers to review credit card TMDs if they become aware of an event or circumstance indicating the TMD is no longer appropriate. ...

New rules on the way for BNPL sector

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
The government is looking to implement stricter regulation for the buy now, pay later industry, releasing an options paper for consultation. According to minister for financial services Stephen Jones, the number of active BNPL accounts grew from five ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
Australians have taken home almost $900 million in compensation and refunds since the ombudsman service opened its doors in November 2018. The Australian Financial Complaints Authority (AFCA) said it's also handled more than 300,000 disputes, an ...