Scams costing Aussies $2 billion despite losses falling The amount Australians lost to scams fell by 25 per cent in 2024 to $2 billion as widespread campaigns to reduce their financial burden continue. AAP · Mar 11, 2025
New rules for banks to help customers in stress Banks that breach a new code of practice could have their failures publicised, like those who recently charged dead customers or closed branches without notice. AAP · Feb 27, 2025
Bank moratorium 'too late' for rural towns left behind The federal government has announced a moratorium on regional bank closures, but it's cold comfort for those who have already lost their local branches. AAP · Feb 10, 2025
Draft anti-scam laws need better victim compo measures Consumer advocates have called for proposed scam prevention laws to be strengthened to better protect the public, while industry groups want more clarity. AAP · Jan 27, 2025
Scam victims to be compensated under Labor plan to fine banks and social media platforms $50m Measures would see companies failing to meet anti-scam obligations forced to pay compensation, government says The Guardian - AU · Sep 13, 2024
Tech giants who fail to protect scam victims in strife Tech giants, banks and telcos could soon be fined up to $50 million for failing to protect scam victims. AAP · Sep 13, 2024
$1.5b data spend to simplify bank switching a 'flop' A banking industry-backed report says just 0.3 per cent of bank customers were actively using the data-sharing arrangements made possible by costly investments. AAP · Jul 3, 2024
Digital systems dethrone cash as dominant payment type Online payments have surged in the past year to overtake the rate of cash withdrawals at ATMs, research shows. AAP · Jun 26, 2024
Aussies feel social media fails to stop 'scam war' One in five Australians believe social media giants are encouraging scams to occur on the platforms, a new survey reveals. AAP · Jun 25, 2024
With Annastacia Palaszczuk gone, can Labor achieve the unachievable in Queensland? Democracies are, by nature, systems of stability and change. The Conversation · Dec 10, 2023
Australian banks buckle to pressure over scams and vow to block transfers to suspect accounts Consumer groups have long lobbied for institutions to crack down on scams by rejecting transfers if name and bank details of recipient don’t match The Guardian - AU · Nov 24, 2023
Banks push back on mandates to stay in rural Australia Increasing branch closures across rural Australia have raised the possibility of forcing banks to operate a minimum number of country outlets. AAP · Sep 20, 2023
Australians selling investment properties and refinancing mortgages ‘at a rate never before seen’ Home owner Katy says she's been struggling to meet her loan demands, and fears losing her home. What are the steps between missing a payment and losing your property? ABC News · May 15, 2023
Banks unveil new weapon to fight scams, but consumer group says customers remain exposed Australia's under-pressure banks unveil a new tool to combat scam transactions, but consumer groups say they're still not doing enough to deal with an escalating problem. ABC News · May 15, 2023
The Guardian - AU · May 15, 2023 Australian banks announce new anti-fraud platform to help quickly freeze scam payments Move adds to ‘arsenal of anti-scam initiatives’ as consumer rights groups call for laws to see banks reimburse victims
The New Daily · Apr 21, 2023 Consumer watchdog turns up heat on banks over savings rates The ACCC is turning the spotlight on banks over interest rates – especially those paid to savers as borrowers are increasingly slugged.
AAP · Apr 21, 2023 Financial pain not over by any stretch as fears mount Financial stress levels are low but an unexpected expense can easily push borrowers over the edge, Australian Banking Association head Anna Bligh says.
ABC News · Apr 20, 2023 Scam victims ask why they're paying the price if bank processes can be replicated so easily Trina thought she was talking to her bank's fraud unit. Within minutes she had lost $114,000 to a scammer. As a new report from ASIC reveals the extent of such scams, victims are calling for banks to be more accountable.
The New Daily · Mar 30, 2023 Lenders cut fixed rates as Reserve Bank decision looms More than 10 lenders have cut fixed interest rates in the past 10 days, with ING moving to slash its offerings ahead of the Reserve Bank's next interest
The Guardian - AU · Mar 28, 2023 Can Australia’s banks withstand the contagion stalking the global finance sector? The seeds of a shock have been planted. The question is whether that will grow into a threat to bank stability and the broader economy
ABC News · Mar 28, 2023 Australian banks are boring, scrutinised … and safe, says APRA boss In his first public speech, the chair of bank, insurance and super regulator APRA moves to reassure Australians that our banks are safe amid the recent turmoil on global financial markets.
The New Daily · Mar 28, 2023 Local banks ‘well-positioned’ to resist overseas storm Australia's financial system is in a strong position to withstand a banking crisis overseas, say the financial services minister and banking association chief.
AAP · Mar 27, 2023 Local banks 'well positioned' to resist overseas storm Australia's financial system is in a strong position to withstand a banking crisis overseas, say the financial services minister and banking regulators.
The Guardian - AU · Mar 27, 2023 Australian banks urge Albanese government to ban use of credit cards for online gambling ‘Why should it be possible to do something in the virtual world that is prohibited in the real world?,’ Anna Bligh says
ABC News · Mar 1, 2023 A third of the nation's bank branches have shut in the past five years — for people in the country, that's a huge problem Despite soaring profits for Australia's big four banks, that number in the billions, almost one-in-three of their branches have closed in the past five years and now a parliamentary committee is examining the impact of those closures, especially on regional centres.