Sun, 12th Oct 2025
from Finance News Wrap Hosted by Paige Estritori
In this episode of Financial Services Online's Weekly Finance News Wrap, Paige Estritori brings updates from Australia's finance industry. News includes the Australian Securities and Investments Commission's (ASIC) upcoming review of the motor vehicle finance industry, focusing on enhanced consumer protections and industry compliance. In other news, Macquarie Group plans to transfer a $1.5 billion car loan portfolio to Allied Credit as part of a strategic move to focus on home loan and deposit products. Additionally, Bank Australia announces its policy to stop financing new petrol, diesel, and hybrid vehicles starting February 2025, an initiative towards achieving net-zero emissions by 2035. Lastly, Crusader Caravans wins the 2025 Manufacturer of the Year award from Caravan Industry Victoria for its innovative new caravan models.
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