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Private credit lender Remara has been hit with stop orders by ASIC over target market deficiencies, as the regulator warned of an imminent crackdown in the market.
The corporate cop is calling for a $10.5 million penalty against Sunshine Loans in its unauthorised fees case, saying the payday lender's approach to the enforcement action was an example of "scorched earth" litigation.
Super trustee Netwealth is facing the threat of another class action by investors in Falcon Capital's collapsed First Guardian Master Fund.
Westpac has filed court proceedings in a dispute against its online broker, Australian Investment Exchange, over whether the bank validly terminated their services agreement, which is set to expire at the end of the month.
A judge has thrown out a former ANZ trader's whistleblower case alleging the bank sacked him after he complained about its attempted manipulation of the bank bill swap rate.
Insurance Australia Group has reportedly settled a multibillion dollar case by Credit Suisse over the collapse of supply chain financier Greensill Capital on the eve of a five-month trial.
The corporate regulator has taken a financial products comparison site to court, alleging it misled consumers by representing that it compared options from multiple providers when in reality, consumer enquiries were sold to the highest bidder.
Investment manager Macquarie has been hit with a second class action by investors who sank over $320 million of their superannuation into Keystone's collapsed Shield Master Fund.
Defunct Westpac subsidiary RAMS Financial Group has agreed to settle a class action over the termination of franchise agreements.
A case on behalf of a retiree against super provider BT Funds has been put stayed as a judge refers the matter to the legal watchdog over concerns the proceeding was filed by her former lawyer without her knowledge.