All posts tagged "ABA"
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103Australia & NZAustralia Releases Report Addressing Bank Branch Closures
The report says banks need to improve communication and support provided to local communities when regional branches close or their hours are reduced.
October 6, 2022 -
589Big PictureFed Explores CBDC Impacts on Monetary Policy Implementation
CBDC withdrawals could reduce bank reserves, which would result in competition for funding, higher interest rates, and ultimately a larger Fed balance sheet.
June 3, 2022 -
724Crypto / Digital AssetsUS Banks Lobby Against Possible Issuance of CBDC
The American Bankers Association says a CBDC would risk moving 71% of bank deposits to the Fed and undermine the financial system.
May 27, 2022 -
759Australia & NZAustralian Regulators Call for Action to Regulate Crypto Sector
The RBA's Philip Lowe, ASIC's Joe Longo and APRA's Wayne Byres are calling additional regulation to protect consumers from risks associated with the crypto sector.
March 18, 2022 -
674AML / KYCASIC Facing Resistance from Banks on Anti-Scam Measures – Report
ASIC reportedly decided against including scam prevention as part of its ePayments Code review as a result of "fierce pushback" from major banks.
February 9, 2022 -
218Australia & NZABA Rolls Out New Guidance on Providing Hardship Assistance
Some banks, such as Westpac, have already begun to implement practices within the guideline. Others will roll out the practices over the next 12 months.
November 2, 2021 -
314Australia & NZAPRA Issues Response on Bank Data Disclosure Regime
APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.
September 5, 2021 -
276Australia & NZ
ASIC Offers Guidance on Deferred Sales Model for Add-on Insurance
Starting on 5 October, a four-day pause will be introduced between the sale of a principal product or service and the sale of add-on insurance.
August 2, 2021 -
243Australia & NZ
ABA Commissions Review of Banking Code of Practice
The review seeks input on whether CDR laws provide adequate data protection and how effective the Code has been in supporting consumers during Covid-19.
July 13, 2021 -
220Australia & NZ
Australia Commences New Debt Management Licensing Regime
Providers of debt management services including debt negotiation or credit repair services must obtain a credit licence to continue operating.
July 8, 2021
