A major financial institution just got slapped with a $35M fine by regulators. The reason? Continued billing to deceased account holders—and dragging their feet on refunds for fees that should never have been charged. ASIC didn't hold back on this one.
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CounterIndicator
· 17h ago
Still charging fees on deceased accounts? What are these banks thinking... ASIC really didn’t hold back this time.
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DuckFluff
· 18h ago
Are fees still being charged to deceased accounts? This bank is truly outrageous. ASIC was right to issue a penalty this time.
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MeltdownSurvivalist
· 18h ago
The dead are still being charged fees—how outrageous can this get? Banks really have no bottom line.
A major financial institution just got slapped with a $35M fine by regulators. The reason? Continued billing to deceased account holders—and dragging their feet on refunds for fees that should never have been charged. ASIC didn't hold back on this one.