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Industry body rejects ABA banking code

Australian Banking Association chief executive Anna Bligh's call for mutual banks, credit unions and building societies to adopt the ABA's new banking code of practice has been labelled "gratuitous" by an industry body which says a better code of practice is already in place to protect consumers.

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Read more: ABACOBAAnna BlighAustralian Banking AssociationMichael LawrenceConsumer Owned Banking Association