Three big customer victories through the banking royal commission

Three big customer victories through the banking royal commission

Home loan broker most useful passions responsibility, unjust contracts regulations extended to insurance, and better legislation for funeral services and products.

Must know

  • Three key guidelines because of the banking royal payment now have actually the force of law
  • These are generally: a most useful passions responsibility for home loans, unjust agreements law extended to insurance coverage, and ASIC to manage expenses-only funeral financial items
  • All three reforms go off the rear of major PREFERENCE investigations and campaign that is longstanding

In a long-awaited triple win for customers, three key tips that came from the banking royal commission have now become legislation.

SELECTION, along with economic counsellors and community centres that are legal Australia, have traditionally campaigned for these crucial reforms in order to become lawfully binding.

All three target inequities that are serious the banking sector and work out the system fairer for clients. Read More