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Tag Archives: banks
NAB Fee cuts – there’s more to it
National Australia Bank’s recent fee cuts have received much positive media attention yet the moves mask a deeper strategy by the bank to access cheaper funding lines.The media has generally portrayed the move as having the aim of keeping existing … Continue reading
ASIC releases financial hardship report
ASIC, in conjunction with Consumer Affairs Victoria (CAV), has released a report examining how lenders and mortgage brokers respond to borrowers experiencing financial difficulties. The report, Helping home borrowers in financial hardship (REP 152), found that while some lenders are … Continue reading
Most don’t change banks despite unfair fees
Australians view bank fees as a ‘rip off’ yet only one in ten have closed accounts after incurring charges they deemed unfair. Only a minority of people (22.5%) are annoyed with themselves when they incur charges on their credit cards, … Continue reading