Banking and finance

Federal Court penalises payday lender CashnGo $3.5m over unfair terms

Federal Court penalises payday lender CashnGo $3.5m over unfair terms

System monitors accounts hourly and takes funds the moment they arrive

Federal Court penalises Australian share market operator over misleading statement

Federal Court penalises Australian share market operator over misleading statement

The exchange admitted its upbeat project update lacked reasonable grounds when released

High Court rules in ASIC’s favour in appeal against Full Court decision in Block Earner case

High Court rules in ASIC’s favour in appeal against Full Court decision in Block Earner case

Ruling deems Block Earner product a financial product under ss 763B, 761D of Corporations Act

Federal Court sets $300.2m penalties in contracts-for-difference case – highest ever for ASIC matter

Federal Court sets $300.2m penalties in contracts-for-difference case – highest ever for ASIC matter

Historic penalties reflect egregious CFD issuer misconduct: ASIC chair Sarah Court

Westpac faces $26m penalty for failing to respond to vulnerable customers

Westpac faces $26m penalty for failing to respond to vulnerable customers

Amount sends clear message to lenders to do better when customers seek help: ASIC deputy chair

ASIC breaks down timeline to implement financial services licensing reforms

ASIC breaks down timeline to implement financial services licensing reforms

New regime covers digital asset and tokenised custody platforms