In this week's financial news, the Australian Securities and Investments Commission (ASIC) is investigating potential breaches by debt management and credit repair firms, including legal action against Bakken Holdings and Chapter Two Holdings. The Reserve Bank of Australia (RBA) held the official cash rate steady at 3.85%, with subsequent impacts on borrowing costs and inflation, and reduced interest rates for housing loans. Despite this, Australians still face mortgage stress due to factors like stagnant wage growth. Analysis hints at future rate adjustments. Lastly, the merger of BetaShares and InvestSense forming Trellia Wealth Partners is part of a growing trend in the financial advice sector. The new firm introduces index-based options, active accounts, and bespoke managed accounts to aid financial advisors and serve the public.