Posts tagged "australian banking association"

Small businesses and everyday bank customers will soon be shielded from costly scams by a $100 million "confirmation of payee" system, designed to bind a bank account number with the name of its owner.

Australia’s banks have doubled down on the reasons they believe they should not be required to tell customers or potential customers why they can’t have basic banking services.

The Australian Banking Association’s 2022 SME Lending Report also found the number of SMEs expanded across Australia despite the difficult economic conditions.

More small businesses are receiving hardship support from their banks amid ongoing lockdowns in the country’s two most populous states.

ASIC has approved changes to the Banking Code of Practice, extending the COVID-19 special note that gives banks more time to handle complaints.

It will be about 18 months before a royal commission banking code proposal is implemented after lobbyists pushed for a delay.

On July 1, the banking industry got yet another code of conduct, and although it is voluntary, all of the retail banks have signed up.

Despite allegations of fraud, strong-arming and abuses of power, Australia's big four banks say SME lending framework is broadly appropriate.

The New Payments Platform will make payments instant and irreversible, which will benefit banks, consumers and fraudsters alike.

Australian businesses have been hit by rising bank fees, with fees jumping 23.9% over the past three years, despite fees for consumers falli…

Property investors and pundits may be forgiven for thinking new AFG data showing an increase in the number of new home loan inquiries is a g…

Banking chief Mike Smith has slammed independent and Opposition senators who have succeeded in their bid to launch an inquiry into the banki…