Tag: COBA

Degotardi to step down as COBA CEO

Degotardi to step down as COBA CEO

By on August 11, 2017 in Editor's Pick with 0 Comments

The board of BCCM member the Customer Owned Banking Association (COBA) has announced the resignation of CEO Mark Degotardi. “It has been my privilege to serve as COBA’s CEO. Customer owned banking stands out as the strong, ethical, consumer-focused alternative in retail banking and it has been an absolute pleasure to advocate on behalf of […]




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COBA calls for Federal Budget action on banking competition

COBA calls for Federal Budget action on banking competition

By on January 20, 2017 in Editor's Pick, News with 0 Comments

COBA today called on the Turnbull Government to allocate funds in the May Budget to bring forward a planned Productivity Commission review of banking competition. “COBA requests allocation of funding to enable the Productivity Commission to complete the first such review by the end of 2017. The Government’s current commitment is to commence, but not […]




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Customer owned banking continues to grow

Customer owned banking continues to grow

By on June 1, 2016 in Editor's Pick, News with 0 Comments

Latest figures on banking have revealed more Australian families are taking out home loans with the customer owned banking model. Figures released by APRA and RBA show the customer owned banking sector significantly outpaced the market in home loan balance growth over the March 2016 quarter. “These figures are encouraging because they indicate Australians are […]




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Customer owned banks welcome FSI response

Customer owned banks welcome FSI response

By on October 21, 2015 in Editor's Pick, News with 0 Comments

Yesterday, the Federal Government welcomed all but one of the recommendations of the Financial Services Inquiry (FSI), endorsing a vision for a more competitive, more consumer-friendly banking market according to the Customer Owned Banking Association (COBA). The FSI or Murray report released last year, concluded that Australia has a financial system where unfair consumer outcomes remain […]




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Customer owned value in credit cards highlighted

Customer owned value in credit cards highlighted

By on October 13, 2015 in Editor's Pick, News with 0 Comments

A new credit card offering announced yesterday is a further signal to consumers to shop around in the low-rate credit card market. Community First Credit Union, a BCCM member, now has a rate of 6.99% p.a. for the first 12 months through a partnership with One Big Switch. Commenting on the development, COBA CEO Mark Degotardi said that […]




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Information and education on credit cards is key for consumers

Information and education on credit cards is key for consumers

By on September 3, 2015 in Editor's Pick, News with 0 Comments

In our submission to the Senate Economics References Committee inquiry into matters relating to credit card interest rates, the BCCM highlighted the importance of the customer and member-owned banking model that promotes a responsible approach to banking and customer choice. Referencing submissions made by our members, COBA and Bank Australia, the BCCM pointed out that customer and member-owned […]




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Scrapping of proposed deposit tax welcomed by COBA

Scrapping of proposed deposit tax welcomed by COBA

By on September 1, 2015 in Editor's Pick, News with 0 Comments

The Federal Government has abandoned plans for a bank deposit tax which would have imposed a 0.05 per cent levy on deposits up to $250,000 from the start of next year. Welcoming the announcement and congratulating the government in not imposing the tax, COBA CEO Mark Degotardi has labelled the decision as “pro-consumer and pro-competition.” The […]




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Better education needed on credit cards

Better education needed on credit cards

By on August 19, 2015 in Editor's Pick, News with 0 Comments

In their submission to the Senate Economics Committee Inquiry into Credit Card Interest Rates, the Customer Owned Banking Association (COBA) has called for measures to empower consumers and promote competition in the credit card market. “Independent consumer polling commissioned by COBA shows low awareness by consumers about their credit card interest rate and who offers the […]




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Calls for more promotion of the trusted banking model

Calls for more promotion of the trusted banking model

By on July 10, 2015 in Editor's Pick, News with 0 Comments

The Customer Owned Banking Association (COBA) has called on policymakers and regulators who’ve run out of patience with listed banking institutions, to do more to promote the customer-owned model. In its submission to the Federal Senate inquiry into co-operative, mutual and member-owned firms, the association has stated the need for an improved environment to better accommodate the customer-owned […]




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COBA launch national campaign against proposed deposit tax

COBA launch national campaign against proposed deposit tax

By on June 17, 2015 in Editor's Pick, News with 0 Comments

The Customer Owned Banking Association (COBA), have further increased their fight against any proposed introduction of a deposit tax by the Federal Government by launching a national television and radio advertisement campaign. The campaign entitled, Save Your Savings, states that the proposed tax is anti-saver, anti-competitive and against the recommendations of the independent Financial System Inquiry (FSI). […]




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