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The ACCC alleged the bank had breached the rules of the Consumer Data Right. On Wednesday, the ACCC confirmed that Bank of Queensland has paid a penalty of $133,200 for allegedly breaching the Consu
The ACCC alleged the bank had breached the rules of the Consumer Data Right. On Wednesday, the ACCC confirmed that Bank of Queensland has paid a penalty of $133,200 for allegedly breaching the Consu
Missed last year's implementation deadline.
The Bank of Queensland has paid a penalty of $133,200 for allegedly breaching the Consumer Data Right rules by failing to provide a service enabling consumers’ data to be shared. The Australian
Kithmin Ranamukhaarachchi is a Melbourne based lawyer in the Asset Management and Investment Funds AMIF team. He has experience assisting fintechs and superannuation funds on regulatory and compliance matters, including advising on Consumer Data Right Open Banking.