RHG customers refunded over $3.3 million
6400 consumers to benefit following ASIC action on discharge and termination fees.
Read More RHG customers refunded over $3.3 million
Banking
Could peer-to-peer lending challenge banks?
Peer-to-peer lending has the potential to replace banking, but the concept faces a number of challenges.
Read More Could peer-to-peer lending challenge banks?
New code makes it easier to change bank
ASIC releases new guidelines which make it easier to swicth banks.
Read More New code makes it easier to change bank
New Type of Financial Services Licence
The new financial services licence will see up to 10,000 more licensed advisors.
Read More New Type of Financial Services Licence
ANZ rate cut the right move: CHOICE
ANZ’s decision to pass on the RBA’s interest rate cut in full is welcome. Other banks should do the same.
Read More ANZ rate cut the right move: CHOICE
CHOICE says ‘Demand a Drop or Ditch’
CHOICE says that Australian’s expect the banks to pass on the RBA’s rate cut.
Read More CHOICE says ‘Demand a Drop or Ditch’
Financial Exclusion in Australia Increases
New report by the Centre for Social Impact finds nearly 3 million Australians are excluded from financial services.
Read More Financial Exclusion in Australia Increases
ASIC welcomes remote community fee-free ATM transactions
Peter Kell
ASIC has welcomed moves by the banking sector and two independent ATM providers to provide free ATM transactions at 76 ATMs in remote Indigenous communities.
Read More ASIC welcomes remote community fee-free ATM transactions
Changes to remote ATM fees welcomed
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.
Read More Changes to remote ATM fees welcomed
Government hits ‘cancel’ on broader ATM benefits – CHOICE
CHOICE says that today’s ATM announcement from the Federal Government is a missed opportunity to make essential banking services fairer for Australian consumers.
Read More Government hits ‘cancel’ on broader ATM benefits – CHOICE
Double take as group switch controversies strike again
Independent consumer advocate Christopher Zinn looks at the issues raised by consumer groups promoting a “big switch”.
Read More Double take as group switch controversies strike again
ACCC outlines priorities in enforcing competition law
ACCC logo
ACCC chairman Rod Sims has described the digital and online economy as posing one of the biggest regulatory challenges in a generation.
Read More ACCC outlines priorities in enforcing competition law