ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers whose accounts were unlawfully debited to pay for the premiums.
consumer rights
Showing 31 to 40 of 153 results tagged consumer rights:
CBA must pay out $7 million after it charged customers a 34% interest rate rather than the 16% shown on their statements.
Paying professionals to help manage your SMSF can cost you in the long run, especially when those so-called experts turn out to be anything but. When the fourth-largest super advisory firm in Australia started running its own investments, the fallout for clients was catastrophic.
Mayfair 101 investors whose life savings were frozen amid ASIC proceedings cannot lodge their objections with the Australian Financial Complaints Authority.
From online scams to family members who feel entitled to your savings, these are the biggest scams affecting retirees.
First they were ripped off by banks and insurers. Now Aussies entitled to refunds are being targeted by companies promising to get them a refund - for a fee.
ASIC is taking CommSec to court for overcharging customers on 120,933 occasions totalling $4,352,194 between August 2010 and February 2020.
Australians will be exploited by predatory lending practices if the government goes ahead with its plan to relax lending laws next month, say consumer advocates.
CBA charged customers a higher rate of interest than what they had been advised, the Federal Court has found. And it happened 12,000 times.
More than 40,000 people have joined a class action lawsuit against two energy providers they say deliberately hiked power bills for customers.
