FCA welcomes announcement that problems with ATM access in remote Indigenous communities will be addressed, but consumer groups are not happy with the lack of action on other problems with ATM fees.
CHOICE says that today’s ATM announcement from the Federal Government is a missed opportunity to make essential banking services fairer for Australian consumers.
Consumers International and the Trans Atlantic Consumer Dialogue are holding a one-day conference on 6 June 2012 on financial consumer protection from the international perspective.
Independent consumer advocate Christopher Zinn looks at the issues raised by consumer groups promoting a “big switch”.
ACCC chairman Rod Sims has described the digital and online economy as posing one of the biggest regulatory challenges in a generation.
CHOICE says interest rate response will be a true test of competition in Australian banking as the big four banks have the capacity to pass on this week's RBA interest rate cut in full.
The Financial Ombudsman Service is seeking two consumer representatives for the monitoring committees for the Codes of Banking Practices and the General Insurance Code of Practice.
ASIC and the Territory Insurance Office (TIO) have launched a joint Indigenous financial literacy strategy involving audio posters with messages about ATM fees in 12 Aboriginal languages.
The report outlines categories of gatekeepers against whom ASIC has taken action including financial advisers, responsible entities, credit licensees, market participants, directors, company officers, insolvency practitioners and auditors. It includes detailed statistics over a six month period.
ASIC today announced it has accepted a court enforceable undertaking (EU) from Commonwealth Bank of Australia (CBA) following concerns that a message sent to its internet banking customers was misleading.
On the morning of Sunday 19 February, the CHOICE campaigns team took to Sydney’s central business district armed with the Move Your Money wheelbarrow, piles of ‘fake money’ and a ringing bell
CHOICE launches ‘Move Your Money’, a new campaign aimed at helping thousands of Australians look beyond the ‘big four’ banks to save money and drive competition.