NEWSLETTER: Banking Sector – Issue 86

15 July 2021


Welcome to Issue 86 of our Banking Sector Newsletter.

In this issue, we refer to a recent Federal Government announcement about the Consumer Data Right with new entrants joining and changes to the rules opened for consultation. The changes relate to consumers being able to share more of their data.

We also refer to a report on the final review by Stephen Sedgwick into product sales commissions and product-based payments in retail banking. It finds that the industry’s policies have changed in line with earlier recommendations with the effect of making banks more customer than sales-centric.

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