CBA fined $7 million for overcharging interest
Mortgage Business CBA fined $7 million for overcharging interest By Malavika Santhebennur 08 April 2021 The major bank has been ordered to pay the penalty for overcharged interest after the court had previously said that it made false or misleading representations on over 12,000 occasions. The Federal Court of Australia has ordered the Commonwealth Bank of Australia (CBA) to pay a $7-million penalty after the court had previously declared that...
Source: mortgagebusiness.com.au