Banks, superannuation firms to be named and shamed over complaints, ASIC rules
Big banks and superannuation firms will be named and shamed in complaints determinations, ASIC decided on Monday afternoon.
Royal commission reforms to “broken” banking code delayed as ombudsman urges scrutiny over get-out-of-jail clauses
It will be about 18 months before a royal commission banking code proposal is implemented after lobbyists pushed for a delay.
“If the ride is more fly, then you must buy”: Commonwealth Bank joins forces with Snoop Dogg to take on Afterpay
Commonwealth Bank has joined Snoop Dogg as a shareholder in buy-now-pay-later giant Klarna, with the intention of taking on Afterpay.
ASIC warns superannuation trustees about quid pro quo with businesses
ASIC is worried vulnerable workers are getting the stiff by default super fund arrangements set up under illegal quid pro quo arrangements.
“Logical step”: Unfair insurance contracts targeted in busy week for Treasury
In a busy week for government, unfair insurance contracts are on the agenda, alongside measures to restrict cash payments.
The new banking code looks impressive, but what does it mean for small businesses?
On July 1, the banking industry got yet another code of conduct, and although it is voluntary, all of the retail banks have signed up.
“Egregious”: Debt collector Panthera faces Federal Court over claims it harassed customers for money they never owed
Debt collector Panthera Finance is alleged to have chased one consumer for almost four years over a $2,400 bill that wasn't even theirs.
As buy-now-pay-later grows, will the likes of Afterpay, Zip and Humm displace credit cards?
Now out the other side of regulatory scrutiny, BNPL players such as Afterpay and Humm are looking to a future with broader demographics.
A Pressed Juices cleanse: Court appoints liquidators to troubled Aussie drinks chain
An investigation is underway this morning into the affairs of Pressed Juices after a court appointed liquidators to the holding company for the chain.
Government drags heels, confirming unfair contracts consultation for late-2019
The government will not hold a consultation on whether to outlaw unfair contracts until "late-2019", as renewed calls surface to get on with it.
Company director crackdown: New laws tighten rules for business owners
The government's latest company director crackdown will see new laws tackle dodgy resignations and cheap asset sales that rip off creditors.
SMEs advised to develop whistleblower policies to minimise risk of fines, jail time
SMEs have been warned to prepare for tough changes to whistleblower protection laws to minimise the risk they could face hefty fines or jail.
