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Showing 41 - 50 of 215 results for %22National Credit Act%22

Time to step up or face the music

ALLY SELBY  |  THURSDAY, 2 APR 2020
... so many have died certainly shouldn't be a way of bringing about change, it has shown us what can be achieved at a national and international level when we need to," he said. "COVID-19 may be a story with an unclear ending but this is not the end ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... losses (statement). Reintroduced the Term Asset-Backed Securities Lending Facility (TALF) to support consumer and business credit markets, plans for two lending facilities to support corporate markets." These after a 150 basis point cut in interest rates ...

CBA in court over RC case studies

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
... alleges CBA contravened the responsible lending provisions of the National Consumer Credit Protection Act 2009 (National Credit Act) when it lent to a customer, David Harris, who had notified the bank he was a problem gambler. The action against CBA ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... surged by 9.3% while the Dow and the Nasdaq pole-vaulted by 9.4% the day after US President Trump's declaration of a national emergency and announcement of US$50 billion fund to fight the coronavirus pandemic. This is in addition to a number of monetary ...

Equities not that expensive: Hamish Douglass

ALLY SELBY  |  MONDAY, 9 MAR 2020
... lows," he said. "Believe it or not, Greek bonds -the country that was going to go bankrupt and still has debt to the national income over 180% - have 10-year bond yields that are slightly less than 1%. "And we have a number of countries around the world ...

Calls for review of advice regulation

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
... the myriad federal acts advisers were required to comply with, including the Corporations Act, Tax Agent Services Act, National Consumer Credit Protection Act, and other obligations imposed under the ASIC Act and FASEA to name a few. "Often there is ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... statement. "The actions announced by the OCC today reinforce the agency's expectations that management and employees of national banks and federal savings associations provide fair access to financial services, treat customers fairly, and comply with ...

Credit Suisse backs sustainability amid Federer furore

ALLY SELBY  |  MONDAY, 13 JAN 2020
Investment bank and financial services powerhouse Credit Suisse has backed sustainability as the dominant investment theme of the coming decade, despite ongoing uproar around its investment in fossil fuels. The prediction comes as Australia's bushfire ...

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
National Australia Bank has admitted to breaching credit legislation 255 times over its axed introducer program for mortgages. NAB has filed documents in the Federal Court admitting to 255 of the 295 breaches of the Consumer Credit Protection Act alleged ...

Client ethics the future of advice

ELIZABETH MCARTHUR  |  THURSDAY, 29 AUG 2019
... relevant to advice practices as the demographics they serve shift. Presenting at the 2019 Association of Financial Advisers' National Conference in Adelaide, Ethics Partners founder Clare Payne used her experience in ethical investing and tobacco exclusions ...