ACCC enforcement warning on open banking non-compliance
Australian Competition and Consumer Commission issued enforcement warning affecting Australian ADIs / credit unions / building societies on September 15, 2021.
- Primary
- Australian Competition and Consumer Commission
- Counterparty
- Australian ADIs / credit unions / building societies
- Structure
- enforcement warning
- Date
- September 15, 2021
- Sub-sector
- Financial Data / Open Banking
ACCC warned non-exempt ADIs of enforcement action risk for missing phase 1 open banking deadline; 15 of 92 ADIs remained non-compliant as of November 1 phase two deadline.
Source: itnews.com.au