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5191 media releases found
14 September 2016 MEDIA RELEASE
16-308MR CBA pays $180,000 in penalties and will write off $2.5 million in loan balances

Commonwealth Bank of Australia (CBA) has paid four infringement notices totalling $180,000 in relation to breaches of responsible lending laws when ...

14 September 2016 MEDIA RELEASE
16-307MR ½ñÈÕÈÈÃÅʼþreports on mortgage brokers' responsible lending practices in relation to interest only home loans

Australia's home loans industry has improved its performance over the past year, adopting better 'responsible lending' practices, an ½ñÈÕÈÈÃÅʼþreview has ...

13 September 2016 MEDIA RELEASE
16-306MR Sunbury man sentenced to 6 years and 3 months imprisonment for fraud

The County Court of Victoria has convicted and sentenced Mr Barry Patrick to 6 years and 3 months imprisonment, after he pleaded guilty to six ...

13 September 2016 MEDIA RELEASE
16-305MR ½ñÈÕÈÈÃÅʼþaccepts enforceable undertaking to address compliance failures of Perth financial advice firm

½ñÈÕÈÈÃÅʼþhas accepted an enforceable undertaking (EU) from Neo Financial Solutions Pty Ltd (Neo) following concerns about the adequacy and application of ...

13 September 2016 MEDIA RELEASE
16-304MR Westpac refunds $9.2 million after failing to waive bank account fees for eligible customers

Westpac Banking Corporation (Westpac) has refunded approximately $9.2 million to 161,414 customers after it failed to waive fees on Westpac and St. ...

12 September 2016 MEDIA RELEASE
16-302MR ½ñÈÕÈÈÃÅʼþpermanently bans former Sydney finance broker

½ñÈÕÈÈÃÅʼþhas permanently banned former Sydney finance broker, Jennifer Farias, from engaging in credit activities and providing financial services. The ...

12 September 2016 MEDIA RELEASE
16-301MR ½ñÈÕÈÈÃÅʼþputs insurers on notice to address serious failures in the sale of add-on insurance through car dealers

½ñÈÕÈÈÃÅʼþhas reviewed the sale of add-on general insurance policies through car dealers and found that the market is failing consumers. Our report ...

9 September 2016 MEDIA RELEASE
16-300MR Court appoints provisional liquidator to Uglii Corporation Limited and other related companies

Following an application by ASIC, the Federal Court of Australia has ordered the appointment of Ms Robyn Erskine and Mr Adrian Hunter of Brooke Bird ...

8 September 2016 MEDIA RELEASE
16-299MR ½ñÈÕÈÈÃÅʼþcancels AFS licence of The Sharemarket College for making misleading statements and bans responsible managers

½ñÈÕÈÈÃÅʼþhas cancelled the Australian Financial Services (AFS) licence of Brisbane-based education and training business, The Sharemarket College Pty Ltd ...

8 September 2016 MEDIA RELEASE
16-298MR Westpac refunds $20 million in credit card foreign transaction fees, as ½ñÈÕÈÈÃÅʼþwarns consumers on foreign transaction fees for Australian dollar transactions

Westpac Banking Corporation (Westpac) has recently refunded approximately $20 million to around 820,000 customers for not clearly disclosing the ...

Last updated: 10/08/2024 11:23