World · 1 sources covering this

Macquarie Bank to pay $14m penalty after confusing ‘welcome rate’ promotion

Asic says customers should not have to check every transaction to ensure they receive the correct interest Get our breaking news email , free app or daily news podcast Macquarie Bank is set to pay a $14m court-imposed penalty after it admitted to breaking the Corporations Act with its “welcome rate” promotions. The penalty comes amid a crackdown by Australian Securities and Investments Commission over complex savings conditions that risk short-changing consumers grappling with the cost of livin…

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The GuardianLean L·4h ago
Macquarie Bank to pay $14m penalty after confusing ‘welcome rate’ promotion
Asic says customers should not have to check every transaction to ensure they receive the correct interest Get our breaking news email , free app or daily news podcast Macquarie Bank is set to pay a $14m court-imposed penalty after it admitted to breaking the Corporations Act with its “welcome rate” promotions. The penalty comes amid a crackdown by Australian Securities and Investments Commission over complex savings conditions that risk short-changing consumers grappling with the cost of livin…
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Macquarie Bank to pay $14m penalty after confusing ‘welcome rate’ promotion

How 1 sources are covering this

Macquarie Bank to pay $14m penalty after confusing ‘welcome rate’ promotion

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