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Making news this week (ending 7 October)

Making news this week (ending 7 October)
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Making news this week... new regulations announced in the wake of the Optus breach, banks told to "do more" amid regional branch closures, commentators weigh in following rate hikes, and more. 

 

Optus data to be shared with banks

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In the wake of the Optus breach the federal government has announced new temporary regulations, which would give banks access to Optus customers’ data.

Banks told to "do more" amid regional closures

Seven recommendations have been put forward by the Regional Banking Taskforce to better support those impacted by bank closures in regional communities.

How RBA's rate move will impact mortgagors

Following the RBA's October cash rate decision, several commentators have flagged the dollar impact to borrowers.

Refinancing hits new record high: ABS

The value of owner-occupier refinances set a new record high in August, after $18.8 billion of mortgages were moved across lenders, according to new data.

More on Economy
28 November 2024
The housing market may finally be seeing some easing of pressure as yearly inflation saw minimal growth.
27 November 2024
Economists expect today’s (27 November) monthly CPI print to return still within the RBA’s target range of 2–3 per cent
25 November 2024
Two major banks have pushed back the timeline for the first rate cut.