Page 2 - Consumer Data Right News Today

This edition of the Gadens Regulatory Recap highlights recent developments from ASIC, APRA, ACCC, the OAIC, and The ATO, including various…

HSBC Bank Australia has been fined for contravening Consumer Data Right rules, after the ACCC found the bank failed to provide complete mortgage interest rate details and accurate credit card balances in response to requests for data via the CDR.

The case relates to the bank's mortgage and credit card offerings

The Consumer Data Right gives Australians some control over their personal data but should be expanded beyond bank accounts and energy needs.

Business Scoop provides news and views on Business and Markets from New Zealand

The Commerce Commission has issued an Open Letter to participants of New Zealand’s retail payment system setting its expectations of the industry to deliver a more competitive environment that can give Kiwis new options to pay for goods and services.  ...

A review of things you need to know before you sign off on Thursday; BNZ trims mortgage rates, trade deficit falls, credit cards out of favour, inflation expectations stinger, poverty progress?, swaps firm, NZD firm, & more

More price transparency, KYC and digital verification, and tackling debanking will go a long way to reducing costs, say Jack Pinczewski and Jonathan Capal.

When the Australian Parliament sits tomorrow for its first session of the year it will have three important financial services bills to consider – one making changes to the Reserve Bank, one introducing a national shared equity scheme and one expanding the Consumer Data Right.

Australian organisations are more focused on preventing data breaches, despite customer concern being more focused on privacy.