ASIC research highlights the importance of reforms for mortgage brokers and home lending

From

ASIC has released a report Looking for a mortgage: Consumer experiences and expectations in getting a home loan. As part of this research, ASIC followed over 300 consumers in the

continue reading

Details for public hearings on ASIC’s responsible lending guidance announced

From

ASIC will hold public hearings in Sydney on the 12th of August and Melbourne on the 19th of August. The hearings are part of the wider public consultation on ASIC’s

continue reading

ASIC proposes to ban unsolicited telephone sales of life insurance and consumer credit insurance

From

ASIC is inviting feedback on its proposal to ban unsolicited telephone sales of direct life insurance and consumer credit insurance (CCI). Such a ban would prevent the sale of complex

continue reading

ASIC ensures licensees meet their AFCA membership obligations

From

After commencing operations on 1 November 2018, the Australian Financial Complaints Authority (AFCA) advised ASIC that 58 financial services licensees and 217 credit licensees, who previously held external dispute membership with

continue reading

ASIC publishes submissions and announces public hearings on responsible lending guidance

From

ASIC will hold public hearings as part of the wider public consultation on its guidance on the responsible lending obligations. This consultation commenced in February 2019, and ASIC has received

continue reading

ASIC announces preparations for Brexit

From

The United Kingdom (UK) is scheduled to leave the European Union (EU) on 29 March 2019 (‘Brexit’). The terms of the UK’s exit remain subject to ongoing negotiation between the UK

continue reading