Focus
Australian Banks
$50 Million Penalties Loom for Companies Allowing Scams Under Proposed Australian Law
A proposed new code aims to stop Australians losing almost $3 billion to scammers as they did last year.
Most Populous Australian States Struggling Compared to Smaller Regions: CEO
NAB’s CEO says WA, QLD, and NT see strong growth, but an economic divide persists.
Australian Lenders Failing to Assist Struggling Customers: ASIC
Despite being required by law to have processes to assist customer who are in debt, banks have made the process so complex that a third of people give up.
Banks Not Paying Customers Enough Interest: ACCC
The ACCC has found that in the first six months of 2023, on average 71 percent of eligible accounts did not receive bonus interest in any given month.
Major Bank Backs National Digital ID ‘For All Australians’
National Australia Bank believes industry and community-led digital ID will complement and extend the reach of government digital ID.
