Sun, 19th Oct 2025

In this episode of the Financial Services Online podcast, Paige Estritori discusses major updates in Australia's financial sector. Highlights include Westpac Banking Corp's strategic decision to divest its auto finance loan book to Resimac Group which could have significant implications for borrowers. ANZ bank was slapped with a record fine of $240 million AUD for numerous regulatory breaches, raising issues around banking practices. ASIC is focusing on increased regulation within the motor vehicle finance sector, aiming to strengthen consumer protection and enforce responsible lending standards. The episode also covers a development in the caravan industry with Crusader Caravans offering a budget-friendly line of Australian-made caravans. Paige advises listeners to stay informed on financial trends and understand the evolving regulatory landscape.