Banks pay $21.4M to consumers for bad financial advice

Competition & Consumer Protection 2018-02-21 8:46 pm By Cat Fredenburgh | Melbourne

Please login to bookmark

Australia’s five biggest banks have paid out $21.4 million since the end of 2016 to consumers harmed by advice that violates financial services regulations, the Australian Securities and Investments Commission said Tuesday.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au