5 December 2019
The ABA is seeking community views on the use of credit cards for gambling. The consultation will assess community views about financial institutions allowing credit cards to be used for gambling and the role of banks in addressing these problems.
Access to credit opens up opportunities and fulfills aspirations. Getting it right requires the right balance between consumer protections and the flow of credit.
Interviewed by AM’s Peter Ryan, ABA CEO Anna Bligh talked about the substantial drop in loan deferrals since their peak during the pandemic, falling from 900,000 to 300,000.