... well-established compliance systems. However, until recently compliance and regulation has not been a concern in the BNPL space. But ASIC has made it clear that they are looking at regulating this market, which is likely to add red tape for BNPL organisations ...
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... unregulated, which encouraged dodgy practices by some providers. However, the news this week by CBA and the intentions of ASIC to regulate this market does add some respectability, which I believe will reduce some of the risks Australians have been subjected ...
... to consider whether the existing guidance around the likelihood of no increase in the policy rate until 2024 is retained." ASIC sues former Freedom Insurance director, consultant over insurance incentives ASIC has commenced civil proceedings against ...
... the intent of pumping up the share price. Interestingly, what this organisation was not aware of or chose to ignore is that ASIC had been watching the share price movement of this stock for a few months. So much so, that on Monday of this week ASIC posted ...
... and/or fixed-rate period expired. If all charges are upheld, they face a total penalty of $94.3 million. The actions follow an ASIC investigation and referral, with the next court session scheduled to take place on November 3, 2021. Earlier this year ...
... notes, "It's not good enough to simply claim you're investing responsibly." Reflecting this, investment watchdog ASIC is conducting a review to see whether super funds' investment strategies are as green as they claim. In the meantime, if ...
This week, ASIC released an article warning people of the common tactics used to get individuals to invest in shares. The article, Don't believe the hype, goes into three areas that are used to take advantage of retail investors. I have voiced my concerns ...
ASIC is suing several AMP entities over fees for no service charged on corporate superannuation accounts. The regulator has commenced civil proceedings in the Federal Court against six companies that are, or were at the time of the conduct, part of ...
... you wish to eventually own stock in Square," says Gillham. "The BNPL space will be seeing increasing regulation from the ASIC and this will impede the growth of companies in this space.
... charge interest, they are not subject to consumer credit products. How many people are using BNPL? In a November 2020 report, ASIC reported that BNPL transactions had increased 90% from the 2018 financial year to the 2019 financial year. The ASIC review ...
