Australia
National Australia Bank fined $15.5m for failing to respond to hardship claim
National Australia Bank fined $15.5m for failing to respond to hardship claim
NAB and subsidiary AFSH are required to publish an adverse publicity notice.
19 hours ago
NAB, Westpac cut interest rates of home loans
Westpac also cut the interest rates of deposits.
1 day ago
Westpac names Carolyn McCann as chief executive, consumer
McCann was previous group executive for customer and corporate services.
1 day ago
CBA partners with OpenAI for scam and fraud detection, personalised services
CBA employees will progressively get access to OpenAI’s AI tools.
1 day ago
iSignthis fined $10m for breaching Australian disclosure laws
Former MD and CEO Nickolas Krantzis penalized $1m for breaching his director duties, amongst other reasons.
3 days ago
ANZ rolls out home loan policy changes to aid self-employed Australians
Earlier in July, Westpac halved its income assessment to one year.
6 days ago
Commonwealth Private unveil self-directed investment option for wholesale investors
Private Wealth Advantage is a self-directed investment option for wholesale investors.
Banking Circle S.A. acquires Australian Settlements Limited
Banking Circle offers instant payment technology to payment companies and banks.
Financial complaints surpass 100,000 in Australia in 2024-25
Banking and finance related complaints fell 9% on declining scam-related complaints.
NAB invests $55m to upgrade over 100 branches across Australia
About 82 of the branches upgraded are in regional Australia.
Aussie regulators update MOU to strengthen financial stability cooperation
The updated MOU sets out their respective roles for contributing to financial stability.
Australian banks to refund $60.5m to customers hit by high fees
Over 1 million customers have been moved into low-fee accounts, ASIC said.
Australia probes debt firms over term breaches and poor service
They may be failing to meet agreement terms or charging high fees, amongst others.
Australia cancels credit licenses of seven entities
They failed to be a member of AFCA, or failed to lodge compliance certificates, amongst other reasons.
CBA deploys AI bot army to disrupt and study scam attacks
Thousands of voice and message bots intercept scammers before they reach real customers.
Westpac eases home loan rules for self-employed Australians
It now requires only one year of income records, rather than the previous two.
Australia floats removing surcharge on card payments, lowering interchange fee cap
Lowering the cap could save businesses $1.2b in fees per year.
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