The squeals of the banks confirm Senator Canavan’s recommendations are on the money.
Finally, a Parliamentary inquiry has called out the major banks’ appalling mistreatment of customers and communities, backing it up with powerful recommendations to bring them into line.
Commonwealth Bank CEO Matt Comyn has broken his promise to stop all regional bank closures until December 2026, with CBA announcing it will close its Buderim branch in Queensland’s Sunshine Coast at the end of this month, 31 May.
CBA is telling customers they can use Bank@Post in Buderim, or travel to Nambour for the closest CBA branch—an inconvenience for its small business and elderly customers in Buderim.
All bank victims should make a submission to the Parliamentary inquiry into financial abuse demanding the banks are finally held to account.
The Parliamentary Joint Committee on Corporations and Financial Services (PJCCFS) is holding an inquiry into the financial services regulatory framework in relation to financial abuse in Australia.
The Senate inquiry into bank closures in regional Australia holds its 13th and final public hearing in Bribie Island, Queensland, on Tuesday 16 April.
The hearing is expected to attract a large public audience of Queensland locals incensed at the actions of the banks.
NEW: Sign the new Change.org petition to “Save Cheques”. Last year Treasurer Jim Chalmers announced cheques would be phased out by 2030, but he based his decision on false data from Anna Bligh’s Australian Banking Association that claimed cheque use had plummeted.
“Will the Albanese government allow CBA and BankWest to thumb their noses at their social licence and rip away all BankWest branch services in WA, or will they put their foot down and say enough is enough?”
This is the question the Australian Citizens Party (ACP) is asking after BankWest’s 6 March 2024 announcement that it will be closing all BankWest branches and ATMs in Western Australia by October to become a fully digital bank.
