HomeView 2014 Media Releases

2014 Media Release Archives

The Customer Owned Banking Association today appointed Mark Degotardi as Chief Executive Officer.

The Murray Report’s verdict on bank capital reform should be implemented without delay.

The Murray Report into Australia’s largest industry, financial services, is good news for consumers.

The Customer Owned Banking Association today said the Financial System Inquiry final report is set to be a game changer for banking competition.

The final report of the Financial System Inquiry due out shortly is an opportunity to rebuild consumer trust in banking by promoting genuine competition and delivering a level playing field for the customer-owned model.

The Customer Owned Banking Association today encouraged customers of four credit unions not to support a proposed “alliance” with Bendigo and Adelaide Bank before answering a series of questions about the transaction.

COBA today welcomed a report on the value of customer owned businesses to the Australian economy and local communities.

COBA said today the customer owned banking sector is well positioned to meet the challenges laid out in a survey released by KPMG.

COBA today announced two new Directors following its Annual General Meeting yesterday.

Major banks will have to rethink their multi-brand strategies if the Financial System Inquiry (FSI) this month recommends changes to disclosure rules to better inform and empower consumers.

The Customer Owned Banking Association today dismissed suggestions by Australia’s largest banks that their capital holdings have never been so high.

The Customer Owned Banking Association today celebrated International Credit Union Day and the community contribution made by credit unions and other customer owned banking institutions around Australia.

Credit cards offered by customer owned banking institutions have dominated the top 20 best deals in a survey by consumer group CHOICE.

The Customer Owned Banking sector has taken out key awards on trust, service recommendation, home and personal loans and credit cards in the annual Mozo People's Choice Awards.

The Customer Owned Banking Association today encouraged Australians to take a few moments this week to review their finances as part of MoneySmart Week.

COBA today released its second submission to the Financial System Inquiry, calling for a strong banking system to be made even stronger through a genuine commitment to promoting competition.

The case for changes to Australia’s banking system is growing following new polling revealing Australians have little or no trust in financial advice from big four banks.

The Board of the Customer Owned Banking Association (“COBA”) has advised its members with regret that Louise Petschler has resigned as CEO, after more than six years in the role.

Australia’s customer owned banking sector has welcomed aspects of the Murray Inquiry’s Interim Report, but argues that it falls short on competition in banking.

The Customer Owned Banking Association says a report next week on the future of the financial system is an opportunity to reveal new policies that promote more competition and choice for Australian banking consumers.

The Customer Owned Banking Association today launched a new television campaign “Where Banking is All About You”, showing Australian consumers the benefits of switching to a credit union, building society or mutual bank.

The Customer Owned Banking Association today called for a crackdown on misleading and confusing banking information given to consumers.

Consumer advocates of a stronger, fairer financial system have launched a new national campaign today that asks why billions of dollars in subsidies are given to Australia’s big four banks, supported by the Australian taxpayer.

Independent research released by the Customer Owned Banking Association (COBA) shows the major banks are tightening their grip on parts of the financial system outside banking, particularly funds management and financial advice.

The Customer Owned Banking Association today encouraged Australians to take simple steps during Stay Smart Online Week to keep personal details secure.

The Customer Owned Banking Association today reminded customers to take simple steps to protect their PIN at ATMs following details of a criminal gang that is suspected of targeting around 40 ATMs in Sydney in a card skimming operation.

The Customer Owned Banking Association said changes announced today by banking regulator APRA are a welcome step toward better accommodation of the customer owned banking model.

The Customer Owned Banking Association welcomes comments today by consumer group CHOICE calling for a more competitive banking system.

The Financial System Inquiry must scrap billions of dollars in taxpayer subsidies for the big four banks and end their “age of entitlement”, the Customer Owned Banking Association said today.

New research shows more than three-quarters of Australians believe the big four banks have an unfair advantage which should be addressed by the Financial System Inquiry (FSI).

The Customer Owned Banking Association has identified a “top 10” list of failures of financial sector regulation to deliver competitive neutrality for the customer-owned model.

COBA is calling for a levy on Australia’s four “domestic systemically important banks” (D-SIBs) as part of a package of fiscally responsible budget measures that will deliver ongoing savings to the Federal Government of more than $1.4 billion a year.

The Customer Owned Banking Association today welcomed observations by ratings agency Moody’s about the strengths of the customer owned model in banking.

NAB has taken an extremely loose approach to the term ‘market-leading’ in launching new offers on personal loans.

The Customer Owned Banking Association today encouraged consumers to take stock of their financial affairs and set some goals early in 2014.

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