From low income earners to farmers and small business owners, thousands of Aussies stand to benefit from wide-reaching banking changes introduced by the Australian Bankers Association (ABA).
The new changes add to last year’s reforms under the Better Banking program, which pushed for a system to shame unethical financial advisors and offer their victims grounds for compensation.
The latest changes focus on the repayment of debt, with improved hardship programs and the setup of a service to help people in financial difficulty manage multiple debts.
These changes are on top of initiatives announced in April of 201…
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