Search ResultsShowing 1 - 10 of 100+ results for "ACCC"
Consumer data right for open banking delayed
ALLY SELBY  |  FRIDAY, 20 DEC 2019
The ACCC has delayed the launch of consumer data right (CDR) for the banking sector to July 2020, postponing key components of the reform that would have allowed the kick-off of open banking in Australia by February next year. Consumers will now be ...
ACCC immunity deal questioned by court
ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
... capital and derivatives, Richard Galvin, has been forced to answer questions over the immunity deal offered to him by the ACCC over the cartel scandal of 2015. The Commonwealth brought charges against ANZ, Citigroup and Deutsche Bank following an ACCC ...
AFCA gets 1450 complaints a week
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... contact AFCA with Consumer Data Right complaints. The Consumer Data Right ecosystem will launch in February 2020, with the ACCC announcing participants including 86400, Intuit, Identitii and Money Tree. In its first six months in operation, AFCA collected ...
ACCC to probe rate cut decisions
HARRISON WORLEY  |  MONDAY, 14 OCT 2019
The Australian Competition and Consumer Commission (ACCC) has been directed by the government to immediately establish an inquiry into the behaviour of Australia's banks when it comes to passing on interest rate cuts. Announcing the inquiry on this ...
Open Banking gets another shot in parliament
ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
... "Progress to the February launch is well advanced," Frydenberg said. "The Australian Competition and Consumer Commission (ACCC) will issue the 'lock-down' version of the Rules governing the system by the end of August; and the interim Data Standards ...
APRA forced to overhaul culture, capabilities
KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... entire structure. The Australian Prudential Regulation Authority Capability Review report, which was spearheaded by former ACCC chair Graeme Samuel , handed down 24 recommendations that seek to ultimately shakeup the regulator's effectiveness, leadership ...
Australians lose record amount to scams
ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... Losses to investment scams increased last year by more than 34% compared to 2017, with Australians losing $86 million. The ACCC said that while scammers are still scouring dating sites for victims, the most financially harmful scams are actually investment ...
Mortgage broker trail commissions to stay
KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... respect of new loans, then prohibiting lenders from paying other commissions to mortgage brokers." In the lead up to the ACCC-CFR review, the Government said it will introduce some of the measures it has already announced. Among them is the final report's ...
Former Westpac GM joins APRA review
HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... Fund and was also previously head of financial stability and acting governor at the RBNZ. The two will work with former ACCC chair Graeme Samuel, who the Government announced would lead APRA's capability review when initially responding to Hayne's recommendations ...
ASIC enforcement must get tough: Commissioner
KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... Commissioner has already ruled out handing over a part of ASIC's remit to the Australian Competition and Consumer Commission (ACCC). He stopped just short of recommending a civil enforcement agency for misconduct evidence gathered in ASIC investigations. ...
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