The commission has created an online educational tool to help improve Australians’ financial literacy
The former broker has been banned after submitting false documents and failing to adhere to proper procedures
The Australian Securities & Investment Commission (ASIC) has handed Commonwealth Bank of Australia (CBA) four infringement notices totalling $180,000 in relation to breaches of responsible lending laws
The Mortgage & Finance Association of Australia (MFAA) has welcomed the findings of a review into interest-only lending by the Australian Securities & Investment Commission (ASIC)
Australia’s home loan industry has improved its standards around interest-only loans, but still has work to do according to ASIC
ASIC has permanently banned a former finance broker from engaging in credit activities and providing financial services after she entered a guilty plea to three criminal charges.