ABC

NAB bends to the pressure brought by the royal commission and will stop charging drought-affected farmers penalty interest rates for missed repayments, despite telling the inquiry just a few weeks ago that the practice met community expectations.

ABC

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ABC

So far the major banks have not taken up the Federal Agriculture Minister’s call to show a “social conscience” on farm offset accounts.

ABC

The post Banks rebuff Government's calls for drought offset accounts for struggling farmers appeared first on Bridge Street Journal.

ABC

That’s the warning from one independent analyst, especially if the big four banks do what many fear they will do and increase their interest rates by as little as 0.15 percentage points over the next few months.

ABC

The post Nearly a million households 'on the edge' of mortgage default, analyst warns appeared first on Bridge Street Journal.

Sales representatives for a funeral insurance company competed for incentives, including a trip to Las Vegas and a Vespa scooter, which contributed to misconduct leading to a spike in sales to Indigenous people, the banking royal commission hears.

ABC

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The financial services royal commission hears how incentives — including Las Vegas holidays, a cruise and a Vespa scooter — contributed to hard-sell tactics to sign up Indigenous customers for unaffordable insurance policies.

ABC

The post Live: Staff offered Vegas trip for insurance hard-sell, commission hears appeared first on Bridge Street Journal.

Thousands of customers who had funeral insurance premiums deducted from welfare payments, may be unaware they are no longer covered, or even aware they were paying insurance for a period of time, the royal commission hears.

ABC

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More than 33,000 residents along a major stretch of Adelaide coastline will soon be without a bank branch after the district’s last bank closes its doors.

ABC

The post Adelaide suburbs about to know what it's like to not have a bank branch appeared first on Bridge Street Journal.

ABC

The banking royal commission hears how Aboriginal and Torres Strait Islander customers are driven to “predatory” loans and other unsuitable financial products through “financial exclusion” and pressure selling tactics.

ABC

The post Live: Mainstream financial 'exclusion' leads some Indigenous consumers to 'predatory' loans appeared first on Bridge Street Journal.

As the banking royal commission hears from graziers who have hit a roadblock with banks, ANZ chief Shayne Elliott weighs in on the “ethical lapses” in the industry.

ABC

The post 'Less than 20pc ever see a customer': ANZ boss on employees' 'dehumanising' work appeared first on Bridge Street Journal.

ABC

The NAB admits it allowed a Queensland grazier’s debt to balloon to $7.8 million from $3.3 million be imposing punitive default payments over several years of drought and crashing prices.

ABC

The post NAB forces drought stricken graziers to pay 18pc default rates appeared first on Bridge Street Journal.