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ASIC approves banking code variations | Money Management

Banking code temporary changes extended

Regulator approves COVID complaints relief for banks

Banks will be able to extend customer wait times to deal with a complaint under new variations to the industry code of practice approved by ASIC that allow COVID-19 special provisions to continue until late 2021.

ASIC approves variations to Banking Code

Australian credit card gambling under fire in bank report

Australian credit card gambling under fire in bank report Australian credit card gambling under fire in bank report By Australia’s online gamblers could find themselves unable to use credit cards to fund their wagering if the banking industry adopts the findings of a new report.  One year ago, the Australian Banking Association (ABA) announced a consultation to solicit community views on the use of credit cards for gambling transactions. The findings of that consultation have now been released and they could spell trouble for the country’s online betting licensees.  The Every Customer Counts report is based on 40 written submissions from betting operators, gambling counsellors, consumer advocates, academics and government agencies, along with 813 individuals who responded to the short-form web survey.

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