Mon, 20th Oct 2025
from Finance News Wrap Hosted by Paige Estritori
In this episode, Financial Services Online presents the Weekly Finance News Wrap for October 20th, 2025. The Australian Securities and Investments Commission lands a spotlight on their country's motor vehicle finance sector, initiating an extensive review from lenders to brokers. The focus is on responsible lending, consumer protection, and potential misconduct. Bank Australia champions sustainability, discontinuing loans for new petrol, diesel, and hybrid vehicles, focusing instead on electric vehicles for a target of net-zero carbon emissions by 2035. There is concern about the rise in vehicle loan delinquencies due to inflation and higher interest rates, with the most affected being the younger Australians who are finding it hard to meet their financial obligations. Speculation circulates around possible further rate cuts from the Reserve Bank of Australia due to rising unemployment and inflation shifts.
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