Posts tagged "aba"

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.

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.

ASIC has given a partial tick of approval to proposed changes to how small businses banking is regulated, but more controversial changes remain in question.

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

The code covering SME lending requires a major overhaul to protect businesses from the power of the big banks, Australia's small business watchdog says.

Small business ombudsman Kate Carnell has labelled the banking industry’s response to recommendations from her small business lending inq…

The Australian sharemarket has opened nearly 2% higher this morning after a strong result from Wall Street late last week, indicating that t…