Banks have offered $750M in fees for no service refunds so far, ASIC says

AMP 2020-02-11 11:22 pm By Christine Caulfield | Melbourne

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Six of Australia’s biggest financial services institutions have so far paid or offered $749.7 million in compensation to hundreds of thousands of customers who were provided with non compliant financial advice or charged fees for no service, but the refunds to date are just the tip of the iceberg.

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