5 December 2019
ACCC has authorised changes to the Banking Code of Practice, in line with
recommendations of the Royal Commission, and initiatives of the ABA.
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.