asic
108 results tagged asic:
Junk insurance lands Westpac in court
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.
CBA to pay $7 million for overcharging customers on interest
CBA must pay out $7 million after it charged customers a 34% interest rate rather than the 16% shown on their statements.
ASIC drops charges against missing woman Melissa Caddick
ASIC drops all 38 charges it was pursuing against missing woman and self-proclaimed financial adviser Melissa Caddick.
Advocates slam buy now, pay later services as CBA introduces Afterpay rival
One in five Aussies has cut back on essentials to pay their buy now, pay later debts, but that hasn't stopped CBA from launching its own rival to Afterpay.
CommSec admits to overcharging customers $4.3 million in fees
ASIC is taking CommSec to court for overcharging customers on 120,933 occasions totalling $4,352,194 between August 2010 and February 2020.
CBA overcharged customers $2.2 million in interest
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.
Beware of bogus bond funds, ASIC warns Aussies
Dodgy bond investment schemes are scamming unsuspecting Aussies out of millions of dollars. Here's how to spot the scam.
ASIC slams school banking programs as ‘persuasive advertising’
ASIC has slammed school banking programs for being marketing campaigns with no educational benefit. And they could be costing your kids hundreds in interest.
Aussies ‘confused and overwhelmed’ about insurance through super
Have you ever called your super fund to find out if you have enough insurance, only to be left feeling confused, overwhelmed or uncertain? You're not alone.
How to find the right share trading platform for you
Buying shares and turning a profit is not as easy as it sometimes looks. These are the questions you should consider before you commit to a platform.
