Treasurer Jim Chalmers has announced a raft of measures to ensure banks will allow customers to switch loans with greater ease amid the cost of living crisis.
Banks will be required to make it easier for Australians to switch loans and find better deals in a new suite of changes announced by the federal government.
There will also be an improvement of notifications for interest rate offers with customers to be given more notice on when introductory lower interest rate periods end. The measures will require banks to make it easier for Australians to get better deals. Picture: NCA Newswire
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