The Consumer Data Right legislation will facilitate transportation of data. However will it lead to greater competition amongst financial products in Australia?
Law, business and banking experts on the UNSW Legal Hour panel said the significant findings of the banking royal commission would be met with a slow response.
The number of mortgage brokers providing a money-saving service to consumers could fall under changes recommended by the banking royal commission, says Mark Humphrey-Jenner of UNSW Business School.
Whatever the recommendations of the banking royal commission to be made public on Monday, customers of our recalcitrant financial institutions are in for a rough ride.