HomeView 2020 Media Releases

Media Releases

More than 1,150 first home buyers have purchased a property with a loan from customer owned banking institutions participating in the First Home Loan Deposit Scheme.

Customer owned banking institutions welcome ASIC’s approval of regulatory relief to fast track the issuance of debit cards to customers who use passbooks and branch visits to do their banking. 

Customer owned banking institutions are stepping up support to small businesses impacted by the coronavirus pandemic through the Government’s $40 billion Coronavirus SME Guarantee Scheme.

Today’s announcements by the RBA, APRA and the Treasurer are welcome initiatives to support lending.

COBA has welcomed moves by regulators to revisit the timing of new regulatory measures to give banking institutions more capacity to focus on their customers.

The Customer Owned Banking Association (COBA) is calling on Federal Government to reconsider the approaching wave of banking regulation as the low interest rate environment squeezes competition.

The Customer Owned Banking Association (COBA) has welcomed Federal Government’s decision to crack down on fraudulent number porting with the introduction of stronger identity verification processes.

The Customer Owned Banking Association (COBA) is warning Australians against the manipulative wiles of romance scammers ahead of Valentine’s Day. According to the Australian Competition & Consumer Commission’s Scamwatch, almost 4,000 dating and romance scams were reported in 2019, with losses of more than $28.6 million.

Customer owned banks have experienced a surge of interest from potential home buyers ahead of 1 February, when the majority of loans under the First Home Loan Deposit Scheme will be released.

The Customer Owned Banking Association is warning banking customers in bushfire impacted areas to be alert to scam phone callers falsely claiming to represent a monitoring service.

Australia’s mutual banks, credit unions and building society express our deepest sympathies to those impacted by the devastating bushfire emergency across the country and stand ready to assist customers that are impacted.


Media Contacts

Ashley Penny
Corporate Affairs Manager
P: +61 2 8035 8444
M: +61 431 932 950
Email Ashleycontact-arrow

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