ABA: Revamped Banking Code of Practice

0
202
ABA: Revamped Banking Code of Practice

ABA: Revamped Banking Code of practice for better banking outback

  • ABA has set out a new code for consumer-focused banking
  • It helps, who have limited English to identify ways to undertake their banking
  • The code, approved by ASIC to make banking products easier to understand
  • The code is currently enforceable through the courts and the AFCA
  • ABA wants banks that work with customers in remote areas
  • ABA will model the impact on their customers regulators and small business groups