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Peter Kell will assume the role of independent chair of the Australian Financial Complaints Authority’s consumer advisory panel, one of 50 such panel members. And did you know: AFCA has 65 Ombudsmen... read more

The range of stakeholders that will be invited into sensitive industry discussions around cash-in-transit will finally include “other businesses and organisations that distribute cash”, meaning Armagu.. read more

Falling into line with the credit assessments of it rivals, Fitch Ratings yesterday upgraded the long-term credit ratings of Australia’s four major banks to AA- from A+. read more

Community First Bank and Illawarra Credit Union are planning to merge, the boards of both ADIs informed their members yesterday. read more

Re-establishing a government owned bank, one with a focus on assuring the supply of financial services in regional areas, is the chief proposal in the report of the Senate’s Rural and Regional Affairs.. read more

The Federal Court has found Cigno Australia Pty Ltd and BSF Solutions Pty Ltd engaged in credit activity without an Australian Credit licence and charged consumers prohibited fees. read more

Bendigo and Adelaide Bank will have consolidated its systems onto one core system by the end of next year. read more

Customer numbers at Bendigo’s Up brand “continue to grow above 25 per cent each year, and deposits are growing even more strongly” management told an Investor Day in Sydney yesterday. read more

Efforts by banks and others to mitigate losses to scams are bearing fruit, with a decrease in scam losses over the March 2024 quarter. read more

Commonwealth Bank of Australia’s Business Bank has agreed to accept pre-sale contracts (up to 10 per cent) secured through property tech platform, Coposit, in residential development projects funded b.. read more