Page 5 - Banking Code News Today

Changes will affect vulnerable customers, guarantors, and small businesses

The Banking Code Compliance Committee has suggested that all banks should require brokers to provide assurances that prospective guarantors are fully informed before they enter into a guarantee. A new

Should brokers declare if someone is financially fit to be a guarantor?

Controls designed to protect consumers

A Banking Code Compliance Committee inquiry finds there has been considerable improvement in the way banks handle their loan guarantee obligations, but the BCCC wants to see further progress.

In Australia, banks are covered by the Banking Code of Practice, writes consumer law and policy professional <strong>Kat George</strong>. Call your bank and remind it of the code

The President's Week project is intended for those, who want to keep up with the head of state, be up-to-date on the latest statements and decisions of the Belarusian leader.

Widespread poor practices and non-compliance with banks' obligations on deceased estates.

As post offices pick up the slack amid bank branch closures - particularly in regional communities - a banking committee is overseeing the system. In response to the increasing reliance on Bank@Post

Banks are being called upon to ensure their commitment to Banking Code obligations extends to the services they provide through Bank@Post, particularly commitments that deal with vulnerability, accessibility and inclusiveness.