ASIC will target scams, digitally-enabled misconduct, predatory lending, and greenwashing, while also "closely monitoring" the use of AI.
August 30, 2023Deputy chair Sarah Court said credit providers and debt management firms that take advantage of vulnerable consumers are in ASIC's sights.
May 12, 2023ASIC warns that it will target greenwashing, predatory lending and misleading insurance pricing promises.
February 16, 2023ASIC will target greenwashing, predatory lending and crypto investment scams, along with other "enduring" priorities involving misconduct and systemic compliance failures by large FIs.
November 7, 2022A 'Consumer Credit Oversight Board' will be established as an independent authority to oversee all consumer credit activities including BNPL under a single umbrella.
August 5, 2022ASIC's orders prohibit the provision of short term credit and continuing credit contracts which involve unreasonably high fees charged to retail clients.
July 15, 2022Starting 11 May, the Google Play Store will introduce a new screening process for personal loan apps targeting users in the Philippines.
April 15, 2022The new rules, introduced in December, were designed to protect the vulnerable but are making it more difficult for borrowers to obtain loans.
March 16, 2022The caps were prescribed to curb predatory and abusive practices by lending and financing companies including on online platforms.
March 8, 2022The proposed guidance seeks to operationalise a BSP circular which was implemented earlier this year to curb predatory lending practices.
February 10, 2022