All finance quotes are provided free (via our secure server) and without obligation. We respect your privacy.
CAR LOANS
AUSTRALIA
SHARE
Share this news item!
ASIC's Crackdown on Unlicensed Finfluencers: What It Means for Consumers
Navigating Financial Advice in the Age of Social Media
0
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
The Australian Securities and Investments Commission (ASIC) has intensified its efforts against unlicensed financial influencers, commonly known as 'finfluencers,' who are suspected of providing unlawful financial advice.
This initiative is part of a global collaboration with regulators from the UK, UAE, Italy, Hong Kong, and Canada to address the growing concern over unregulated financial content on social media platforms.
ASIC Commissioner Alan Kirkland emphasized the importance of distinguishing between entertainment and factual financial information. He urged consumers to critically evaluate the credibility of financial advice encountered online and to seek guidance from licensed professionals.
For individuals considering motorcycle financing, this development underscores the necessity of consulting reputable sources. Relying on unverified online advice can lead to uninformed decisions, potentially resulting in unfavorable loan terms or financial strain.
To ensure informed choices, consumers are encouraged to verify the credentials of financial advisors and to utilize resources provided by licensed institutions. This approach not only safeguards personal finances but also promotes a more transparent and trustworthy financial environment.
Published:Sunday, 25th Jan 2026 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
In June 2025, Australian business lending experienced a notable increase, with loans to non-financial businesses reaching $1.14 trillion, marking a 9.2% year-on-year growth. This expansion significantly outpaced the 5.6% growth observed in housing loans, which totaled $2.34 trillion during the same period. The data, released by the Australian Prudential Regulation Authority (APRA), highlights a renewed appetite for corporate borrowing and investment. - read more
In July 2025, Australia's top 10 authorised deposit-taking institutions (ADIs) reported a combined business loan book of $925 billion. Notably, Japanese banking giants Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group (MUFG) emerged as significant contributors to this growth, outpacing traditional Australian lenders in percentage growth rates. - read more
Welcome to Car Loans Australia, a proud member of the Financial Services Online network. Owned and operated by Clark Family Pty Ltd, A.C.N. 010 281 008, we are dedicated to helping Australian individuals and businesses find the best financial products, services, information, and advice available online.
calculatorWidget
knowledgeBaseWidget
Our Commitment
At Car Loans Australia, we do not endorse specific financial products or offer financial advice. Instead, we connect you with specialist financiers, insurers, or other financial advisors who can provide expert guidance based on your unique circumstances. Please note that Car Loans Australia may receive a fee or commission for these referrals.
Information and Guidance
The financial information on our website, including articles and news items, is intended for general informational purposes only. It should not be considered a substitute for professional advice. We strongly recommend consulting a qualified, licensed financial advisor to discuss your specific situation before making any financial decisions.
Connecting You with the Right Solutions
Our primary role is to facilitate connections between you and the right financial resources. Whether you need a specialized financier or an expert advisor, we aim to introduce you to professionals who can help you achieve your financial goals.
Contact Us
We are here to assist you with any questions or further information you may need. Please feel free to reach out to Car Loans Australia for assistance.