All posts tagged "ABA"
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632Australia & NZAustralia Considers Opening ‘Write’ Access Under Open Banking
The government will consider expanding the consumer data right to allow 'write' access by entities other than banks, similar to how the EU's PSD2 operates.
January 24, 2020 -
847Australia & NZAustralian Banks Offer Emergency Relief to Bushfire Victims
The services being offered by ABA member banks to help customers include fee waivers, loan repayment deferrals, and additional financing to help cover cash flow shortages.
January 6, 2020 -
189Australia & NZASIC Approves ABA’s Updated Banking Code of Practice
ASIC has given its final approval for the new version of the Banking Code of Practice, which implements recommendations from the Royal Commission.
December 19, 2019 -
419Australia & NZASIC Offers Clarity on Responsible Lending Obligations
ASIC has clarified when a licensee might undertake more or less detailed inquiries and verification steps based on different consumer circumstances and the type of credit being sought.
December 10, 2019 -
407Australia & NZ
ACCC Authorises ABA Changes to Banking Code of Practice
The ACCC’s authorisation was needed because changes to the Code to reflect the royal commission recommendations required competing banks to reach an agreement through the ABA.
November 23, 2019 -
234Australia & NZAussie Banks Adopt Safeguards Against Unfair Debt Collection Practices
The move comes after hundreds of vulnerable debtors who have had their homes put at risk in bankruptcy court this year over relatively small debts.
November 22, 2019 -
496Australia & NZAustralia Accelerates Post Royal Commission Reform
Under the government's implementation roadmap, close to 90% of its remaining commitments will be implemented by mid-2020, and legislation for the rest will be introduced by end-2020.
August 20, 2019 -
407Australia & NZAustralia Passes Consumer Data Right Legislation
The passage of the Consumer Data Right legislation clears the way for open banking to start in Australia in February 2020.
August 2, 2019 -
985Australia & NZ
Australia to Re-Introduce Open Banking Legislation This Week
The Australian Banking Association welcomes the re-introduction of the legislation, following a lapse earlier this year when the federal parliament was dissolved.
July 23, 2019 -
481Australia & NZ
ASIC Approves Updated Banking Code of Practice
ASIC is assessing changes to the Code proposed by the ABA in two stages, the first of which has been approved and is reflected in the latest version which took effect on 1 July.
July 1, 2019
