Sun, 27th Jul 2025

This week on the Financial Services Online Weekly Finance News Wrap, we discussed ASIC's investigation into Australian debt management and credit repair firms, which may impact about 100 licensees, including Bakken Holdings and Chapter Two Holdings. The Reserve Bank of Australia's (RBA) recent interest rate cuts were discussed, aiming to stimulate economic activity and reduce borrowing costs, despite persisting mortgage stress. The RBA's decision to hold the cash rate steady, defying analysts' predictions, was noted. And finally, BetaShares unveiled their new product, Trellia Wealth Partners, after a strategic acquisition with InvestSense; the firm offers a range of services including active and managed accounts while aiming to enhance financial advice for Australians.