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Banks such as Westpac, NAB, ANZ, and Commonwealth have employed deliberate delaying tactics to arbitrarily make the process of cancelling a credit card more difficult. Australian banks are yet to meaningfully respond to an industry-led report that found there is a serious need for reform in how credit cards are…
This week, Australia’s four major banks were forced to explain why they are raking in billions of dollars in profit at the expense of consumers to a parliament hearing. They were also grilled about a string of banking scandals in recent years. Here’s a summary of what the Commonwealth Bank,…
Telstra and the National Australia Bank has launched Proquo, a marketplace where small business owners can help each other out by exchanging services for a lower fee. Here’s how it works.
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