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.
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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