22 June 2021
These guiding principles outline measures in place to help customers understand Lenders Mortgage Insurance (LMI), understand the default / LMI claim process, and the consumer protections in the shortfall debt recovery process. These voluntary principles complement the provisions of the Banking Code of Practice (the Code) set out in Chapter 19 (LMI), Chapter 41 (we will try and help you if you are experiencing financial difficulty), and Chapter 43 (when we are recovering a debt).
Latest news
Over 640 000 homeowners refinanced their mortgage last year, according to new data released today by the Australian Bureau of Statistics. New lending indicators data shows 640 137 mortgages were refinanced throughout 2025, a 20 per cent jump from the previous year as more borrowers than ever before renegotiated or switched their home loans. ABA… Read more »
E&OERadio InterviewABC Radio Canberra9 February 2026. Topics: Romance scams; Scam Prevention Framework Emma Bickley (Host): You’re listening to afternoons on ABC Radio Canberra. I’m Emma Bickley, and my guest today is Simon Birmingham. He’s the CEO of the Australian Banking Association, and in the lead up to Valentine’s Day, they’re warning you that romance scams… Read more »
With Valentine’s Day approaching, banks are warning people to be on high alert for romance scams as criminals increasingly deploy AI to steal more than just your heart. AI romance scam red flags: ABA CEO Simon Birmingham said further advances in AI were making it incredibly difficult for people to distinguish between a romance scam… Read more »