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AAP
AAP
Jacob Shteyman

RBA boss takes swipe at queries on card surcharges

RBA Michele Bullock the Reserve Bank Brad Jones Mick Tsikas Reserve Bank Simon Birmingham
Michele Bullock says drawing links between card surcharges and fraud protection doesn't make sense. (Mick Tsikas/AAP PHOTOS)

Reserve Bank boss Michele Bullock has hit back at the banking lobby and a Liberal MP after financial institutions took aim at the RBA's efforts to weed out unfair card payment surcharges.

Speaking before a parliamentary economics committee on Monday, the RBA governor said she was "surprised" by Australian Banking Association chief executive Simon Birmingham warning the plan could undermine fraud prevention.

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