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Showing 61 - 70 of 356 results for "Credit card"

Law firm demands Pahari documents from AMP

ELIZABETH MCARTHUR  |  THURSDAY, 20 AUG 2020
... behaviour," Bornstein said. "Similarly, the investigation accepted that Mr Pahari gave Ms Szlakowski his personal credit card, asked her to communicate with him via WhatsApp while at a private club in the early hours of the morning, but again concluded ...

Kogan Super reports growth

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
Kogan's super offering launched last year has seen a 40% rise in funds under management, according to the online retailer's financial results. Kogan said in its results that the launch of its superannuation offering had been successful. Kogan Super ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
In court documents, ASIC alleged that Mayfair 101's launch of Australian Property Bonds was a last ditch effort by the embattled wealth manager to set up a Ponzi-like scheme. ASIC expressed concerns that Mayfair 101 founder and managing director James ...

Adviser jailed over $2m Ponzi scheme

JAMIE WILLIAMSON  |  TUESDAY, 4 AUG 2020
A former financial adviser and licensee director has been sentenced to six years' imprisonment for misappropriating close to $2 million for his own use. Graeme Walter Miller of Myocum, New South Wales was sentenced on July 31 after pleading guilty to ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
ASIC has announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018. These include offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo ...

Former financial adviser permanently banned

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... Gibbs' offences saw the former adviser use around $5 million of client funds to prop up his own business, pay off his credit card debts and gamble. His clients trusted him with the operation of their self-managed superannuation funds, and in some cases ...

GDP to contract 10%: CBA

ELIZA BAVIN  |  THURSDAY, 2 APR 2020
... other economic situations," Comyn said at an online event. The revision comes as CBA boosts support for home loan and credit card customers impacted by the pandemic. CBA will make payments to support customers who have been granted a six-month deferral ...

Afterpay coughs up $1.5m over US loans

ALLY SELBY  |  TUESDAY, 17 MAR 2020
Afterpay has settled with a California financial services regulator over allegations it was offering illegal loans in the state without a licence. The settlement with the California Department of Business Oversight (DBO) will see the 'buy now pay later' ...

CBA in court over RC case studies

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
... problem gambler, and failed to take reasonable steps to verify his financial situation before offering and approving credit card limit increases. The regulator alleges that CBA breached sections 130(1) and 128 of the National Credit Act when it failed ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
Wells Fargo will fork out $4.5 billion to resolve the fake account scandal that has continued to rattle the world's fourth largest bank since 2016. The $4.5 billion (US$3 billion) settlement with the Securities and Exchange Commission (SEC) and ...