Bank Victims

News

Menu

RSS

Cuzz Media

Cuzz Media

Cuzz Media is part of t...

NAB VICTIM

NAB VICTIM

In late 2008 we became vi...

Banking In Australia Today

Banking In Australia Today

Visit Banking in Austra...

Donate Please

Donate Please

At the moment we need y...

Prev Next

Twitter Facebook Pinterest Google+

Home
/
General Banking News

Bank Victims

Bank Victims

Treasury Review of the Australian Financial Complaints Authority

Published in Bank Victims
Be the first to comment!

Treasury Review of the Australian Financial Complaints Authority

Is AFCA meeting its statutory objective of resolving complaints in a way that is fair, efficient, timely and independent? Of the cases that I have been privy to, AFCA’s processes are not efficient and timely, nor the outcomes fair or seemingly independent. AFCA is not fit for purpose.

Read more...

Kabwand v National Australia Bank for Law Students

Published in Bank Victims
Be the first to comment!

NAB branch, Ruthven St, Toowoomba: scene of the crime

Wickrema Weerasooria was a Sri Lankan-born lawyer and legal academic (he returned to Sri Lanka from Australia in 2002 and died in 2018). His textbook on banking law in Australia has been seminal. From a first co-authored edition in 1976 to the 6^th edition in 2006, Weerasooria’s Banking Law and the Financial System in Australia (Tyree & Weaver, eds.), this text would have ‘educated’ thousands of tertiary law students over several decades.

Read more...

The Sins of Westpac Revisited

Published in Bank Victims
Be the first to comment!

The Sins of Westpac Revisited

In May 2020, I published a lengthy dossier titled ‘The Sins of Westpac’, available here and here. Bank Reform Now’s Peter Brandson intervened with Westpac with respect to several cases summarised in my dossier. Brandson received a response from Westpac, via Carolyn McCann (‘Customer and Corporate Relations’) on 11 June, which read:

Read more...

Whither the Australian Financial Complaints Authority?

Published in Bank Victims
Be the first to comment!

Whither the Australian Financial Complaints Authority?

Having been an ear to bank victims when all the official institutions have failed them, I have been lately hearing much about AFCA. Evan Jones

Read more...

Loosen lending rules - Oyez!

Published in Bank Victims
Be the first to comment!

Loosen lending rules - Oyez!

Treasurer Josh Frydenberg is very foolish. Like Treasurers Joe Hockey and Scott Morrison before him. And dangerous. Not content with the idea to further cut taxes (while worshiping the dual deities of Reagan and Thatcher), Frydenberg fronts a new scheme to loosen bank lending rules to speed up economic recovery. Evan Jones

Read more...

Banking business as usual

Published in Bank Victims
Be the first to comment!

Banking business as usual

If the banks make concessions to borrowers deprived of income due to the pandemic it will be their first socially considerate act since financial deregulation. By Evan Jones | On 16 July 2020

Read more...

Gary Heathwood and Carroll Heathwood : Our Experience with the National Australia Bank

Published in Bank Victims
1 comment

MORE NAB VICTIMS: NAB's Unconscionable Actions and Irresponsible Lending, Nab's practices still coming to light.

NAB STILL IN DENIAL AND REFUSES TO ACCEPT THE CONSEQUENCES OF THEIR BEHAVIOUR

Read more...

NAB suffers dramatic 10.6% profit fall in wake of banking royal commission

Published in Bank Victims
Be the first to comment!

NAB’s interim chief executive, Phil Chronican, has announced a sharp fall in profit, in part due to the scandals exposed by the banking royal commission. Photograph: Bianca de Marchi/AAP

No short-term bonuses or pay rises for bosses as lender puts aside $1.1bn in damages for customers. NAB has wound up a traumatic 12 months in which it lost its chief executive and chairman by announcing a 10.6% drop in full-year profit and cutting its final dividend.

Read more...

Prosecutions needed to prevent banking industry slipping back

Published in Bank Victims
Be the first to comment!

Adele Ferguson told the event that serious sanctions were required.CREDIT:STEVEN WOODBURN

Prosecutions of senior banking figures are required if the industry is to shake off recent scandals and leave behind the taint of the banking royal commission, investigative journalist Adele Ferguson has warned.

Read more...

Bank Victims Lose the Royal Commission and the Election

Published in Bank Victims
Be the first to comment!

Bank Victims Lose the Royal Commission and the Election

The Parties and the election. The return of the Morrison federal government is a disaster for all bank victims. Labor, with Shadow Minister for Financial Services Clare O’Neil at the helm, readily absorbed the essential story re small business and farmer victims at its regional forums. Evan Jones

Read more...

More...

Subscribe to this RSS feed


	Red Alert: ScoMo Declares War On The...	Play
	Adams/North - The Never Ending...	Play
	:WAR-CASTLES-~0.	Play
	Glass Steagall Petition Marching Orders	Play
	Four Banks Review: Malcolm Turnbull...	Play