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ME Bank has been fined by the Federal Court after it was found to have provided inaccurate information about its home loans to customers. The matter, prosecuted by the Commonwealth Director of Public Prosecutions, followed an investigation and referral ...
... investment products to tackle greenwashing and other sustainable finance misconduct. This year alone, ASIC has commenced three court proceedings against superannuation funds for alleged greenwashing and it is actively pursuing investment product providers ...
... performance figures presented were notably more favourable than the most recent data available. ASIC deputy chair Sarah Court expressed concerns about the potential for consumer deception, emphasising that the omission of "necessary information" might ...