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Visa has resolved a lawsuit by a fintech founder alleging it misused its market power by banning the use of dynamic currency conversion services in several countries, including Australia and the US.
Litigation funder Therium Capital Management has brought on a former director from the Australian Competition and Consumer Commission to bolster its Australian funding team, less than a month after opening its doors in Melbourne.
We Buy Houses' director Rick Otton has withdrawn his appeal of a ruling that slugged him with a $6 million fine for misleading property investors, the highest ever penalty imposed on an individual for breaches of the Australian Consumer Law.
A wholesaler that supplied leaking hot water bottles and exploding candle holders to retailers in Victoria has been fined $415,000 for distributing the dangerous products in breach of the Australian Consumer Law.
ASIC has been ordered to reveal the extent of its communications with experts that are compiling a report central to its case against AMP over alleged insurance churning by one of its former financial advisers.
The Australia Competition and Consumer Commission is seeking a $35 million penalty against Empower Institute after the court found the vocational trainer engaged in unconscionable conduct by "duping" customers into enrolling in courses they could not afford.
A future Labor government would pass reforms that make unfair contract terms illegal and punishable by fines of up to $10 million.
A franchisee's $6.1 million case against Domino's Pizza accusing the fast food chain of misleading him about the sales he could expect from his two Surfers Paradise stores has been resolved out of court.
GPS device makers TomTom, Navman and Garmin will no longer claim they offer users lifetime services, after the ACCC flagged the claims for being potentially false, misleading and deceptive.
The Australian Competition and Consumer Commission has postponed the release of preliminary findings from its review into the proposed merger of telco giants TPG and Vodafone Hutchison Australia, and has blamed the companies for the delay.