Banks - Consumer Action Law Centre

Australia’s banks failing customers by placing all the burden of the scams crisis on them says damning ASIC report

Australia’s four major banks are failing their customers by taking a ‘variable and…less mature’ approach to scams than expected, with ‘inconsistent and narrow approaches to determining liability’ as w...

Now is the time to make positive reforms to bankruptcy laws say consumer advocates

Consumer advocates around Australia have welcomed moves by Attorney-General Mark Dreyfus KC MP to reform bankruptcy laws. Last month, consumer advocates attended a Ministerial Roundtable on Perso...

OPINION: Banks must use their windfall profits to tackle the scam crisis 

By Stephanie Tonkin, CEO, Consumer Action Law Centre  The big four banks are tipped to make record profits this financial year, with some analysts suggesting they will collectively rake in more th...

Scams must be stopped: Westpac alerts for mis-matched payments and money transfer measures welcomed

Consumer Action CEO Stephanie Tonkin says Westpac’s announcement of a new verification system for payments and money transfer measures to new accounts are “…steps in the right direction to help stop t...

Consumer Action calling on banks to block payments to scammers and reimburse victims

Australia’s banks should quickly introduce measures to stop scams, make their systems safer and reimburse victims or be made by Government to do so, says Consumer Action CEO Stephanie Tonkin. Ms Tonk...

Australia’s banks should follow CBA’s lead and introduce stronger measures to stop scams

The Commonwealth Bank (CBA) has announced it is introducing measures to strengthen its payment system that will make it harder for crooks to scam their customers. The measures called NameCheck and Cal...

Banking Code Compliance Priorities 2022-23

The Banking Code Compliance Committee’s (BCCC) administration and enforcement of the Banking Code of Practice (the Code) is a key aspect of regulatory oversight in the banking sector. The BCCC’s mo...

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Australia’s banks failing customers by placing all the burden of the scams crisis on them says damning ASIC report

Now is the time to make positive reforms to bankruptcy laws say consumer advocates

OPINION: Banks must use their windfall profits to tackle the scam crisis

Scams must be stopped: Westpac alerts for mis-matched payments and money transfer measures welcomed

Consumer Action calling on banks to block payments to scammers and reimburse victims

Australia’s banks should follow CBA’s lead and introduce stronger measures to stop scams

Banking Code Compliance Priorities 2022-23

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