Quantcast
au iconAU

 

 

Biggest problems SMEs, consumers have with finance sector

In just nine months, AFCA has already received more than 54,000 complaints about the financial services sector, including thousands from SMEs. And as its lead business ombudsman reveals, there are common troublespots already emerging.

Biggest problems SMEs, consumers have with finance sector
smsfadviser logo
Biggest problems SMEs, consumers have with finance sector

Speaking at COSBOA’s annual National Small Business Summit in Melbourne late last month, Geoff Browne — the lead ombudsman for small business at the Australian Financial Complaints Authority (AFCA) — said that the agency has received more than 54,000 complaints about Australian financial institutions in only its first nine months of operation.

Read more at MyBusiness

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox