Business
Banks still charging dead people months after royal commission, Banking Code Compliance Committee finds – ABC News
More than 4.4 million bank customers are affected by bad behaviour or poor standards in a six-month period following the banking royal commission, a new watchdog report finds.
A watchdog created by the banking industry in the wake of a scathing royal commission into the sector has dropped a report critical of institutions’ poor efforts to hold themselves accountable.
Key points:
- More than 20,000 breaches of the new code were reported within a six month period
- The code of practice was devised by the Australian Banking Association and is not law
- Banks reported 219 breaches involving deceased people being knowingly charged fees
More t…
Continue Reading
-
Noosa News24 hours agoGyrocopter pilot injured in crash-landing on K’Gari, north of Brisbane
-
Noosa News14 hours agoRevealed: 75 Qld suburbs you could afford to buy in if lending standards drop
-
General8 hours agoFarmers develop ‘autofill’ tech so agricultural robots can operate around the clock
-
General10 hours agoChoosing an online exercise program can be confusing. Here’s what to look out for