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ANZ Hit with $15 Million Fine for Misleading Almost 200,000 Customers

The Federal Court of Australia has imposed a $15 million penalty on the Australia and New Zealand Banking Group Limited (ANZ) for misleading its customers about the fees associated with certain credit card accounts. The bank had falsely indicated that customers could access their "Available Funds" without incurring any additional fees or interest, a claim that later proved incorrect.ANZ Breaches ASIC ActThe court determined that ANZ violated both the Australian Securities and Investments Commiss... Read More

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Posted: Sep 26 2023, 09:03

Author Name: financemagnates

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