Finance in Focus Portal
ASIC fines Chapter Two Holdings for misrepresenting debt management outcomes offered to consumers
The Australian Securities and Investments Commission has issued two infringement notices totalling $37,560 to debt management company Chapter Two Holdings Pty Ltd for alleged misleading statements made on its website.
ASIC to launch new portal for Australian financial services licensees
The Australian Securities and Investments Commission (ASIC) is launching a new digital portal for licensing on 5 May 2025 to apply for, vary and cancel an Australian financial services (AFS) licence, marking a significant step in its digital transformation.
ASIC consults on plan to increase visibility of firms’ breach and complaints data
The Australian Securities and Investments Commission is consulting on plans to publish two dashboards containing firm-level Reportable Situations and Internal Dispute Resolution data in the second half of 2025.
ASIC review into the motor vehicle finance sector
The Australian Securities and Investments Commission (ASIC) is launching a review into the motor vehicle finance sector this month with the aim to drive better consumer outcomes, particularly for those living in regional and remote locations, including First Nations communities.
ASIC warns payday lenders may be breaching consumer protection laws
The Australian Securities and Investments Commission has released Report 805 Falling short: Compliance with the small amount credit contract obligations (REP 805) which sets out ASIC’s observations from its recent review into lenders, following changes to laws governing small amount credit contracts in 2022 and 2023 under the Financial Service Reform Act 2022 (FSR Act).
NASC: Targeting Scams Report
The National Anti-Scam Centre’s latest Targeting Scams Report– which combines data from Scamwatch, ReportCyber, the Australian Financial Crimes Exchange, IDCARE and Australian Securities and Investments Commission – has found scam losses reported to key organisations fell by 25.9 per cent to $2b in 2024.
ASIC updates guidance to clarify treatment of student loan commitments by banks and lenders
ASIC has updated its regulatory guidance to clarify how the Higher Education Loan Program (HELP), and other student loan commitments, may be considered by banks and lenders assessing whether a consumer can afford to take on new credit.