Dec 1 (Reuters) - ASIC:
- ASIC SAYS STARTED CIVIL PROCEEDINGS AGAINST CBA FOR CHARGING RATE OF INTEREST ON BUSINESS OVERDRAFT ACCOUNTS HIGHER THAN WHAT CUSTOMERS WERE TOLD
- ASIC TOTAL OVERCHARGED INTEREST BY CBA EXCEEDED $2.9 MILLION
- ASIC ALLEGES CBA, AMONG OTHERS, CHARGED MORE THAN 2,200 CUSTOMERS A DIFFERENT, HIGHER INTEREST RATE ON THEIR OVERDRAFT ACCOUNTS
- ASIC ALLEGES THAT CBA UNSUCCESSFULLY ATTEMPTED TO MANUALLY FIX OVERCHARGING ERROR AFTER COMPLAINT WAS MADE TO THE BANK IN 2013
- ASIC ALLEGES THAT FROM DEC 1, 2014 TO MARCH 31, 2018, CBA ENGAGED IN CONDUCT THAT CONTRAVENED FINANCIAL SERVICES LAWS
Source: https://bit.ly/2HUAUTb
(([email protected];))
News: CBA ASIC Commences Proceedings Against Cba For Overcharged Interest
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