... charges. Instead, late payment fees apply - and they're certainly hitting the hip pocket of some BNPL users. Money watchdog ASIC found one in five consumers are missing payments. In 2018/19 that saw BNPL users fork out over $43 million in late fees ...
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... The whole episode shouldn't come as a surprise. A 2019 report from the Australian Securities and Investment Commission (ASIC) found that 31% of us get financial advice from friends and family. There is a good end to this story - both mother and brother ...
... provide advice and are listed on the financial adviser register of the Australian Securities and Investments Commission (ASIC). This latter aspect is important because advisers listed on the register must meet professional education and experience standards ...
ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums. The corporate regulator has exposed dodgy sales of add-on insurance ...
... on business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to false or misleading representations and engaged in misleading and deceptive conduct over to 12,119 occasions ...
ASIC has dropped all 38 charges it was pursuing against missing woman and self-proclaimed financial adviser Melissa Caddick. The regulator was pursuing criminal charges against Caddick, who has been missing since November last year. The charges included ...
... Dixon's own property funds. In September 2020, the financial regulator, the Australian Securities and Investments Commission (ASIC), commenced proceedings in the Federal Court against Dixon Advisory and Superannuation Services, a subsidiary of ASX-listed ...
... relevant avenues of information or assistance - such as the relevant regulator, or legal aid, or Lifeline - when appropriate. ASIC succeeded in winding up Mayfair 101 debenture issuer M101 in January after provisional liquidators concluded that M101 ...
... tells retailers is the actual truth. BNPL encourages people to spend more." And spend they do, often beyond their means. "ASIC's November 2020 report found that one in five people had missed a payment - that's a huge percentage. Similarly, one in five ...
We live in a financial world where all choices come down to what we can afford, so it makes as much sense to instill in your children an understanding of finance and investing as it does maths and science. But when and how do you do it? Probably the ...
