Consumers are skeptical about the transparency of banks, with a recent consumer survey revealing that 84% of respondents think banks should have to disclose who owns them in any advertising. The consumer survey, conducted by People’s Choice Credit Union, also found that two-thirds of respondents thought that multi-branding was used to trick customers about ownership. […]

A former ACCC chairman has called out Australia’s banks for not passing on rate cuts, and a broker association head has applauded the comments. Former ACCC chair Allan Fels told News Ltd last week that banks were “ridiculously slow” in passing on rate cuts when funding costs fell, and argued that Australian’s were “owed” a […]