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ASIC's Investigation Highlights Issues in Car Finance Sector

Regulator Finds Excessive Fees and Early Defaults in Vehicle Loans

ASIC's Investigation Highlights Issues in Car Finance Sector?w=400

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The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices.

Published:Wednesday, 26th Nov 2025
Source: Paige Estritori

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Finance News

ASIC's Investigation Highlights Issues in Car Finance Sector
ASIC's Investigation Highlights Issues in Car Finance Sector
26 Nov 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices. - read more
Bank Australia Halts Loans for New Fossil Fuel Cars
Bank Australia Halts Loans for New Fossil Fuel Cars
26 Nov 2025: Paige Estritori
In a bold move towards environmental sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025. This strategic decision aligns with the bank's commitment to achieving net-zero carbon emissions by 2035 and underscores its dedication to promoting environmentally friendly transportation options. - read more
Australians Seek Financial Guidance on Social Media Amid Cost of Living Pressures
Australians Seek Financial Guidance on Social Media Amid Cost of Living Pressures
25 Nov 2025: Paige Estritori
As the cost of living continues to rise across Australia, many individuals are turning to social media platforms for financial advice. This trend has sparked concerns among financial experts about the reliability and accuracy of the information being disseminated online. - read more
The Australian Unveils 'Wealth' Section to Guide Smarter Financial Choices
The Australian Unveils 'Wealth' Section to Guide Smarter Financial Choices
25 Nov 2025: Paige Estritori
In a move to support Australians in making informed financial decisions, The Australian newspaper has launched a new digital-first section titled 'Wealth.' This initiative aims to provide comprehensive coverage on personal finance topics, including investment strategies, superannuation, retirement planning, and property investment. - read more
Surge in Home Loan Refinancing as Australians Seek Better Mortgage Deals
Surge in Home Loan Refinancing as Australians Seek Better Mortgage Deals
25 Nov 2025: Paige Estritori
Recent interest rate cuts by the Reserve Bank of Australia have led to a significant increase in home loan refinancing among Australian homeowners. Data indicates that over 1,000 mortgages are being refinanced daily, as borrowers seek to take advantage of lower rates and reduce their loan repayments. - read more


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Second Mortgage:
A type of subordinate mortgage made while an original mortgage is still in effect.