Media releases

The Australian Banking Association is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.

New education standards good news for customers
21 March 2018: The Australian Banking Association welcomes the work of the Federal Government and the Financial Adviser Standards and Ethics Authority with the release of proposed guidelines on education standards for financial advisers.
Thousands helped by banks’ inclusion programs
21 March 2018: Thousands of vulnerable Australians, from newly arrived refugees to customers experiencing domestic violence, have been helped by Australia’s banks as they roll out new programs aimed at improving access to financial products and increasing financial literacy.
ACCC report shows massive home loan discounts
15 March 2018: The Australian Banking Association welcomes today’s ACCC interim report into residential mortgages, which clearly shows very high levels of discounting in the Australian home loan market. It’s clear that competition is delivering better deals for customers, shopping around works and Australians should continue to do so to get the best discounts on the advertised rate.
Comprehensive credit reporting must be fair for all
7 March 2018: The upcoming Comprehensive Credit Reporting (CCR) reforms must be fair for all and ensure Australians who have experienced past financial difficulties are not discriminated against.
Support from banks for concerned banana growers
2 March 2018: Banana growers in north Queensland affected by Panama disease are encouraged to contact their bank to access a range of hardship measures on offer.
Action needed on elder financial abuse reform by Christmas
20 February 2018: The Australian Bankers’ Association has today called on the Federal Government to act now on financial abuse against the elderly and resolve three key issues by Christmas.
AFCA common sense reform which will deliver for customers
14 February 2018: The passage through the parliament of the Australian Financial Complaints Authority Bill (AFCA) delivers a big win for Australian bank customers by creating a ‘one stop shop’ for resolving issues in the financial services industry.
New Payments Platform to transform Australian banking
13 February 2018: The launch of the New Payments Platform will transform the banking experience for everyday Australians and put an end to the inconvenience of the ‘three day wait’.
ABA welcomes Farrell Report into Open Banking
9 February 2018: Banks are excited to enter the Open Banking age that will spark new innovations and deliver cutting edge products, with customers the big winner.
Competition in the Australian Financial System
7 February 2018: The Australian Bankers’ Association will carefully analyse the Productivity Commission Draft Report, consult with its members and make a further submission to inform the final report expected mid-year.

What’s new

Landmark reform package
11 Dec 2017
Read the full landmark reform package that will improve consumer outcomes and confidence in mortgage broking, prepared by the Combined Industry Forum.
Download PDF

ABA blog

Customers at centre of mortgage industry overhaul
Christine Cupitt, Executive Director - Policy, Australian Banking Association
Read more 1 Feb 2018

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