2019 Banking Code of Practice

Jul 11, 2019 9:02:27 AM

In a bid to restore customers’ faith in banking, the Australian Banking Association (ABA), together with some of Australia’s largest banks, has launched the Banking Code of Practice. This new set of guidelines and principles will hopefully improve small business lending, provide strong protection for customers, and serious consequences for breaches. Here’s some of the changes you can expect.


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, Open Banking, Responsible Lending, Banking Code of Practice

What An Open Banking Regime Means For You

Jul 10, 2019 8:48:57 AM

On 1 July 2019, the open banking regime officially began, with the four major banks now offering data on a variety of products as part of the regime’s roll-out. Over the next two years, a phased implementation of open banking will be carried out, not only taking the friction out of banking, according to experts, but also leading to the rise of a whole new class of products and services in the financial sector. So, what changes can you expect?


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, Open Banking, Responsible Lending