If you thought the banks were about release the spiggot on credit think again, via the AFR:
The federal government has told the banks and regulators there will be a fresh industry inquiry in three years to ensure they have improved their behaviour and are treating customers better.
Treasurer Josh Frydenberg wrote this week to the heads of the Australian Banking Association, Australian Securities and Investments Commission and Australian Prudential Regulation Authority directing them to swiftly implement dozens of Commissioner Kenneth Hayne’s recommendations that pertain to their bodies.
