Quantcast
au iconAU

 

 

ASIC accuses banks of dragging feet on fees-for-no-service response

The corporate regulator has slammed Australia's major banks for failing to complete further investigations into fees charged to customers who did not receive the services they paid for.

ASIC accuses banks of dragging feet on fees-for-no-service response
smsfadviser logo
ASIC accuses banks of dragging feet on fees-for-no-service response

The fees-for-no-service scandal was like "taking money for nothing", banking royal commissioner Kenneth Hayne said.

Read more at the ABC.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox