US EditionWarnings banking may get more expensive if surcharge ban goes ahead
Summary by ABC Australia
3 Articles
3 Articles
But experts and industry insiders warn that this policy may bring side effects. Scholars point out that the ban on surcharges will cause banks to lose A$900 million each year, so banks may make up for their income by increasing annual fees, reducing reward points or cutting free services. Although the RBA estimates that the new policy can save businesses A$1.2 billion annually and benefit 90% of businesses, most worry that the policy will make s…
·Melbourne, Australia
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Total News Sources3
Leaning Left1Leaning Right1Center0Last UpdatedBias Distribution50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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