In this episode of the Weekly Finance News Wrap, Paige Estritori discusses major financial updates affecting Australian businesses. The Australian Securities and Investments Commission (ASIC) has raised concerns about practices within the private lending sector and pushes for adherence to traditional banking standards. The Australian Prudential Regulation Authority, witnessing a boost in investor lending, sets a cap on mortgages for borrowers whose debt exceeds their income by six times. The Equifax Consumer Market Pulse report reveals an upswing in consumer credit demand while the Consumer Price Index shows an increase due to rising costs in housing, food, and utilities. The Reserve Bank of Australia reacts by raising the cash rate for the first time in two years. Listeners are urged to stay up to date with these developments and make informed financial decisions.