ASIC approves changes to the banking code, extending COVID-19 special note
ASIC has approved changes to the Banking Code of Practice, extending the COVID-19 special note that gives banks more time to handle complaints.
Four questions for the banks: What the ACCC should investigate in its mortgage pricing inquiry
Treasurer Frydenberg has asked the ACCC to do another inquiry into the banks' pricing practices, and there are four questions it ought to be asking.
Major banks cop mortgage pricing inquiry as competitors nip at their heels
The ACCC has been directed to launch a mortgage pricing inquiry that will examine barriers for consumers looking to ditch the big banks.
ASIC approves July 1 business banking reforms, but delays decision on controversial definition
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.
Mortgage brokers rejoice as coalition backflips on trail commission ban
Mortgage brokers say they are encouraged by a coalition backflip on trail commissions and are urging Labor to follow suit.
“Cop out”: Banking lobby resists changing small-business lending rules
The ABA has refused to commit to changing the definition of small business in the banking industry code, outlining concerns about small-business lending.
Why the royal commission is good news for startups
While the royal commission has undoubtedly done some damage, I think the whole process should give entrepreneurs a tremendous confidence boost.
If it ain’t broke: Why mortgage broker commissions aren’t the problem
While there are always bad apples in every industry, removing commissions would be a blunt instrument with plenty of downsides.
Bank watchdogs on notice: What does the royal commission mean for small business lending?
Regulators are on notice to support changes to the banking code as SME lending looks to a brighter 2019 following the royal commission.
As consumer scepticism grows, will the banks bounce back, or will competitors triumph?
A major betrayal in trust takes time and effort to repair. Therefore, restoring trust needs to be the highest priority for the finance industry.
What royal commission? Why the big four’s shares are climbing at record rates
In the wake of the royal commission report, the banks’ share prices surged, as almost $20 billion was added to the value of the big four.
A cultural war: What Hayne’s report means for fintechs, accountants and small-business lending
The underlying culture of the Australian banking ecosystem has been to systematically take advantage of customers — but the future looks brighter.
