Banks overhaul their code of practice

Australian Bankers' Association CEO Anna Bligh speaks during the Competitive Advantage Forum in Sydney, Thursday, November 23, 2017. (AAP Image/Daniel Munoz) NO ARCHIVING

Australian Bankers' Association CEO Anna Bligh, November 23, 2017. (AAP Image/Daniel Munoz) Source: AAP

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Consumers could save thousands of dollars in credit card interest repayments as part of a revamped banking code of practice. But, experts say the major banks will have to go further to restore trust in the sector.

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