Category : Search result: consumer regulation


ANZ faces record $240m fine for misconduct

ANZ Bank agrees to a record $240 million penalty for widespread misconduct, including mishandled bond sales and fees charged to deceased customers. CEO Nuno Matos faces parliamentary scrutiny.

UK Watchdogs Must Act on Rip-Off Bills

New report demands better regulation to stop firms from shortchanging customers on bills for mobile phones, insurance and subscriptions, boosting the UK economy.

FCA's £4bn Car Finance Scheme 'Robbing Victims'

Exclusive: The Financial Conduct Authority's proposed compensation scheme for the car finance mis-selling scandal faces massive backlash for potentially short-changing victims out of billions.

Estate Agent Shake-Up: Mandatory Licensing Proposed

Chancellor Rachel Reeves announces groundbreaking plans to regulate estate agents through mandatory licensing, aiming to clean up the property market and prevent rogue practices that cost consumers millions.

Court Revives Challenge to Trump-Era CFPB Director

A federal appeals court has revived a legal challenge questioning the legitimacy of a Trump-era director's appointment to America's Consumer Financial Protection Bureau, creating fresh uncertainty for the agency.

Microsoft sued in Australia over AI pricing allegations

Tech giant Microsoft is being sued by Australia's competition watchdog for allegedly misleading millions of Australians about AI feature pricing in a case that could set a major precedent for tech regulation.

FCA Under Fire Over Soaring Consumer Complaints

The Financial Conduct Authority faces mounting criticism as consumer complaints against financial firms skyrocket, revealing serious gaps in investor protection and regulatory oversight.

Australian banks ignore customer hardship requests

Exclusive investigation reveals major Australian banks are systematically failing customers in financial distress, with thousands of hardship requests going unanswered as cost-of-living pressures mount.

UK Banks Investigated Over Motor Finance Commissions

Major British banks including Barclays, Lloyds and Santander face regulatory scrutiny over controversial motor finance commission arrangements that could trigger significant compensation payouts.

UK Retail Sales Surge Despite Budget Tax Fears

New data from Barclays reveals UK consumer spending accelerated in September 2025, with retail sales growing 1.5% despite concerns about potential tax rises in the upcoming budget.

Ofcom: AI Voice Cloning Scams Target Vulnerable Britons

Ofcom reveals alarming new statistics showing nearly half of UK adults have encountered AI voice cloning technology, with scammers increasingly using it to impersonate family members in emergency-style fraud attempts.

Martin Lewis' urgent Buy Now Pay Later debt warning

Money Saving Expert founder Martin Lewis sounds alarm on BNPL services after witnessing friend's financial struggle, calling for urgent government regulation to protect vulnerable consumers.

Ofcom Enforces Online Safety Act on Porn Sites

UK regulator Ofcom launches a major campaign to ensure pornography websites comply with the new Online Safety Act, enforcing strict age verification to protect minors from harmful content.

RBA to Ban Card Surcharges, Banks Fight Back

The Reserve Bank of Australia plans to eliminate debit and credit card surcharges, facing fierce opposition from major banks who warn of unintended consequences for consumers and businesses.

FTC Launches Major Probe Into OpenAI's ChatGPT

The FTC has launched a comprehensive investigation into OpenAI, demanding extensive records on how ChatGPT handles data, privacy, and potential consumer harm. The probe could have significant implications for AI regulation.

The Good Guys fined £1.1m for misleading sale

Australian electronics retailer The Good Guys has been fined a staggering $AUD 2.1 million (£1.1m) by the Federal Court for running a deceptive 'Massive Sale' that misled customers on pricing and discounts. The ACCC investigation revealed widespread non-c

Trump Asks Supreme Court to Cripple FTC Powers

In a landmark legal move, former President Donald Trump is petitioning the Supreme Court to dramatically curtail the powers of the Federal Trade Commission (FTC), a case that could permanently alter the US regulatory landscape and empower corporate intere

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