in

Corrupt banking practices in the news (again) this time it’s $55 million stolen from their customers.

Corrupt banking practices in the news (again) this time it’s $55 million stolen from their customers.



View Reddit by TravamooseView Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

3 Comments

  1. Do basically the TLDR is : Banks did whatever they wanted to, took more money than they should’ve, got caught when enouhh people complaiend. They payed out but denied wrongdoing. Banks and ASIC still say we should trust banks.

  2. tldr; The Australian Securities and Investments Commission (ASIC) has taken Commonwealth Bank of Australia to court for charging monthly access fees to customers who were entitled to fee waivers. The regulator alleges CBA took roughly $55 million in fees from nearly 1 million customers over nine years. It has started civil penalty proceedings in the Federal Court.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Loading…

0

What do you think?

On-Chain Analyst Willy Woo Reveals Bitcoin Exit Strategy – Here’s His Timeline and Price Target

There’s No Turning Back From Crypto-Backed Corporate Treasuries

CryptoNewsZ

Goldman Sachs to Offer Investments in Crypto Assets