HomeView 2018 Media Releases

Media Releases

COBA Convention: Samuel sees opportunity for customer owned sector

Former ACCC chair Graeme Samuel says the revelations of the Financial Services Royal Commission pose an opportunity for the customer owned banking sector.

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Growth opportunity for customer owned banking

Release today of a draft bill to lower barriers to capital raising by mutual banks, credit unions and building societies is a significant step forward in promoting competition in banking.

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Customer Owned Banking puts people before profits

The Interim Report of the Financial Services Royal Commission shows the importance of putting people before profit.

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Customer-owned banking sector outpaces major banks

APRA’s quarterly banking figures indicate that customers have faith in the customer-owned banking sector.

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Customer Owned Banking Code of Practice continues to provide consumers with strong protection

COBA notes public statements by the ABA that the ABA’s new Banking Code of Practice should be adopted by mutual banks, credit unions and building societies that are not ABA members.

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New figures show the leaders in banking satisfaction and advocacy

New figures released today show the customer owned banking sector is the clear leader on customer satisfaction and advocacy, at a time when trust in the banking sector is more important than ever.

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Combined Industry Forum Media Release - No more volume-based bonuses for mortgage brokers

Australia’s mortgage broking industry has ended the use of volume-based bonus commissions, campaign-based commissions, and other volume-based bonus payments.  This is one of the main findings of an interim report prepared by the Combined Industry Forum.

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COBA CEO Speech at Parliament House on proportionate regulation of retail banking

Good afternoon and thank you for coming.

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#MoreThan4 campaign calls for new approach to regulate banking

COBA today launched the #MoreThan4 campaign which calls for a new proportionate approach to banking regulation.

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New report warns about impact of regulatory costs on banking competition & consumers

A new report has identified problems with one-size-fits-all regulation in banking and warned of the impact more regulation flowing from the Royal Commission could have on consumers, competition and smaller banking institutions.

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PC points way to put the customer first in banking

The Productivity Commission’s report on competition in banking released today sends strong messages to regulators and policymakers that regulation is hurting competition and consumers are paying the price.

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ASIC report shows consumers should seek a better credit card deal

The Customer Owned Banking Association today encouraged consumers to explore better credit card options after an ASIC review into credit cards found that one in six Australians are struggling with credit card debt.

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Trust in customer owned banking on the rise in wake of Royal Commission

Almost half of all Australians have less trust in the big banks because of the Royal Commission into banking.

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APRA figures show customer owned momentum

COBA today welcomed the latest quarterly statistics from APRA which show strong growth for the customer owned banking sector and are cause for optimism for the second half of 2018.

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Australians ready to switch: time to ‘Own Your Banking’

New research has found the Banking Royal Commission has made Australians more receptive to banking alternatives and switching their banking.

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COBA supports National Scams Awareness Week

COBA today supported National Scams Awareness Week, which has the theme “Ask Yourself Is this for Real”.

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New campaign encourages Australians to ‘Own Your Banking’

A new campaign is encouraging Australians to ’Own Your Banking’ and to look at the benefits of customer owned banking.

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COBA supports Open Banking but timetable a concern

COBA today voiced its support of open banking for consumers and competition but has questioned the tight timetable announced for smaller banking institutions.

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COBA op-ed on Royal Commission

COBA op-ed on Royal Commission

By Michael Lawrence, COBA CEO

The Financial Services Royal Commission is already changing banking.

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Customer owned banking for the people

COBA today said Australians looking for banking that focuses on them as people should look no further than Customer Owned Banking.

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APRA figures provide momentum in 2018

COBA today welcomed the latest quarterly statistics from APRA which indicate a strong 2018 ahead for the customer owned banking sector.

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COBA Opening Statement - PC Inquiry

COBA speaks for mutual banks, credit unions and building societies – customer-owned banking institutions that provide important competition and choice in the retail banking market and bring an unmatched customer focus to the market.

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APRA capital proposals could improve competition

COBA looks forward to engaging with our member banking institutions and responding in due course on APRA’s proposals to revise the capital framework for home loans.

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Customer owned banking embracing new tech

COBA welcomes the New Payments Platform starting today which allows Australian bank customers to make and receive real-time payments anytime.

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PC report on banking a welcome wake up call

COBA today welcomed the release of the Productivity Commission’s draft report into Competition in the Australian Financial System.

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COBA welcomes bipartisan approach to BEAR

COBA today welcomed the bipartisan approach taken in Federal Parliament to give small and medium banking institutions more time to prepare for the Banking Executive Accountability Regime (BEAR).

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Media Contacts

Sally MacKenzie
Director - Engagement & Stakeholder Relations
Mob: 0412 721 663