The Customer Owned Banking Association today called for a crackdown on misleading and confusing banking information given to consumers. COBA’s submission to the Competition Policy Review recommends changes to promote a stronger, fairer banking system.
Consumer advocates of a stronger, fairer financial system have launched a new national campaign today that asks why billions of dollars in subsidies are given to Australia’s big four banks, supported by the Australian taxpayer.
The Financial System Inquiry must scrap billions of dollars in taxpayer subsidies for the big four banks and end their “age of entitlement”, the Customer Owned Banking Association said today. COBA made the comments as it released its submission to the inquiry, highlighting the unfair advantages in the system that limits real competition for consumers. […]
New research shows more than three-quarters of Australians believe the big four banks have an unfair advantage which should be addressed by the Financial System Inquiry (FSI). The Essential Research survey of 1000 Australians revealed strong support for the FSI, with almost 80% in favour of examining the market dominance of the big four. Customer […]
*** Campaign at Hindmarsh Square, Thursday 8th August, 7am to 9:30am. The Customer Owned Banking Association will host a free community event in Adelaide’s Hindmarsh Square next week to help push for a review of Australia’s banking system. “We think the banking system has some problems that inhibit competition,” Balance Banking spokesman Mark Degotardi said. […]
Following on from the regional NSW tour, the next leg of the Balance Banking bus tour started in the nation’s capital, Canberra, and continued on to Albury-Wodonga, Shepparton, Bendigo, Ballarat and ended in Bourke Street Mall, Melbourne. The tour is designed to increase public awareness and support for an independent inquiry into the banking market, […]