Issues with your bank? Raise it with AFCA
Gotta love it – when asked if the Banking Code of Practice is legally enforceable the Australian Banking Code of Practice says it is, and says ASIC is responsible for enforcing it. ASIC then refer the issue to the Banking Compliance Operation Committee but say individuals should contact the Australian Financial Complaints Authority who, judging by the feedback I hear from people, do nothing.
Bank branches have dropped 30% in 5 years
Watch APRA squirm when asked if they are going to take responsibility for banks closing branches.
Good at crazy talk but hopeless when it comes to running a government
Good at crazy talk but hopeless when it comes to running a government.
