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The Australian Competition and Consumer Commission has been asked by Treasurer Frydenberg to "put under a microscope" the estimated A$2 billion in fees for foreign currency transactions charged to deb.. read more

In his interim report, royal commissioner Kenneth Hayne attributed much of the systemic wrongdoing uncovered in the hearings to date as a combination of greed and ineffective application of existing r.. read more

In the shadows of the expected publication by Commissioner Kenneth Hayne of his interim report on misconduct in the banking, superannuation and financial services industries a class action has been la.. read more

Satisfaction with banks has declined during the royal commission but only to a relatively slight degree, as measure by Roy Morgan and remains strongly positive, while dissatisfaction levels have remai.. read more

The next six months will be make or break for peer-to-peer lending and investing in Australia says analytics company GlobalData. read more

The final annual review for Financial Ombudsman Service Australia shows a record number of disputes received in the past financial year. read more

A draft bill has been circulated outlining the commonwealth government's proposals to increase current fines and jail terms for a wide range of offences under ASIC-administered pieces of legislation a.. read more

A review by ASIC of the time taken by financial institutions to identify and report "significant breaches" to the corporate regulator has found "unacceptable delays" have occurred. read more

Fintech bank Tyro says the loss it has reported is due to its practice of expensing all of its investment in technology and product development so no internal development spend is carried on the balan.. read more

A Capgemini survey-based report indicates that, as lines between traditionally different industries now start to blur, banks will face competition from non-traditional firms who are targeting niche ar.. read more