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Showing 41 - 50 of 359 results for "Credit card"

Global alliance calls for BNPL regulations

CHLOE WALKER  |  THURSDAY, 17 MAR 2022
CHOICE has joined consumer groups from around the world in calling for urgent action on buy now, pay later credit providers. The global statement released by Consumers International is supported by 11 consumer organisations from nine countries. It comes ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
The big four bank is being sued by the regulator for failing to provide some of the benefits promised to customers who hold offset transaction accounts or 'Breakfree' packages in conduct dating back more than two decades. In what is the last ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... across its now defunct advice licensees; continuing to charge fees on deregistered company accounts; and selling on credit card and flexi-loan debt with incorrect interest rates. Westpac reached an agreement with ASIC to resolve all six matters, has ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... across its now defunct advice licensees; continuing to charge fees on deregistered company accounts; and selling on credit card and flexi-loan debt with incorrect interest rates. This is the first time ASIC has filed multiple proceedings against one ...

ACCC not opposed to NAB, Citi deal

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... review focused on competition in the supply of credit cards, as Citi is a substantial provider of credit cards and credit card services. Evidence showed that the proposed acquisition was "unlikely to raise competition concerns in any other areas of overlap" ...

Former adviser banned after super theft

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
... with a non-parole period of four years. He was found to have used the stolen funds for holidays, rent, paying his own credit card debts and repaying personal loans. The presiding judge labelled Hopkins' conduct "deeply stupid" but also said that "being ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... start of COVID and especially travel insurance related complaints. The most complained about products this year were credit card (14% of all complaints), followed by home loans (9%) and personal transaction accounts (8%). AFCA said nearly 70% of cases ...

Former adviser jailed for six years

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... behalf. Hopkins took about $2.9 million of his clients' money without their knowledge to fund holidays, pay rent and credit card debts, and repay personal loans. ASIC's investigation into Hopkins commenced in 2019 in response to allegations that ...

ERS applicants $3100 worse off

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
... super funds released $36.4 billion during 2020. Most of this went towards the rent or mortgage, and household and credit card bills. According to the Australian Bureau of Statistics, the average withdrawals were $7728 and $7536 across the two tranches. ...

Loomis Sayles wins super fund mandate

KARREN VERGARA  |  FRIDAY, 14 MAY 2021
... reflect the current low-rate environment. Asset-backed securities are typically different forms of debt like mortgages, credit card debt and student loans, packaged up. Loomis Sayles offers four strategies in mortgage and structured finance: core securitised ...