Mon, 19th Jan 2026
from Finance News Wrap Hosted by Paige Estritori
In this week's episode of the Weekly Finance News Wrap with host Paige Estritori, the spotlight is on the concerning patterns in Australia's motor vehicle finance sector. Findings reveal exorbitantly high loan establishment fees and alarming default rates, with many owners still heavily indebted after repossession. The Australian Securities and Investments Commission (ASIC) has addressed these issues with eight lenders, pushing for improvements in staff training, risk management, and governance. The priority remains transparency, responsibility, and protection for consumers in loan practices. The sector's evolution should emphasize equitable financial practices and keep consumers well-informed. Stay updated on personal and business loan finance at financialservicesonline.com.au.
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