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Australia
1 mins to read

ANZ cops A$15m fine for wrong credit card balances

The fine is the third the bank has incurred since October last year for issues in its Australia retail business

ANZ says its system showed the new balances before the funds were processed.

Lachlan Colquhoun Tue, 26 Sep 2023

ANZ Banking Group has been fined A$15 million in Australia’s Federal Court after the bank admitted misleading customers on the balances available in their credit card accounts.

Taken to court by regulator ASIC, the court found the bank had falsely indicated that customers could obtain a cash

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Lachlan Colquhoun Tue, 26 Sep 2023
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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ANZ cops A$15m fine for wrong credit card balances
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