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By business reporter Stephanie Chalmers Updated February 07, Australia Two of Australia's biggest banks are returning millions of dollars to credit card customers after scrutiny from the corporate watchdog.
It comes less than a week before the royal commission into the financial sector is set to hold its first public hearing. Credit card fees and limit increases are among the issues raised by consumer advocates ahead of the inquiry.
These included interest-free periods, annual fees and overseas transaction fees.
The bank has contacted customers who are eligible for a refund and has since updated its procedures. Westpac completes refunds after lending review ASIC also gave an update on Westpac, which has completed a program to compensate credit card customers affected by its lending practices.
In a statement, Westpac said it was committed to lending responsibly. The bank has also made payments to support financial counselling and literacy as part of the remediation program, which followed ASIC's review of credit limit increase invitations. First posted February 07, Financial Report for the year ended 31 December Baptist Financial Services Australia Limited ABN 56 AFSL Registered Office: Level 1, Corner of Rawson Street and Carlingford Road, Epping NSW The iShares ESG Year USD Corporate Bond ETF seeks to track the investment results of an index composed of U.S.
The Mission section contains a free online catalogue illustrating the use of organizational mission statements in practice by organizations from around the world. Registered users can explore, bookmark and comment on hundreds of referenced online resources that contain examples of mission statements, used as management tools in actual business context. Read more. Melissa Yeo pm: Solly’s surprise auction. In a surprise end to the event, Myer’s tormentor, Premier Investment’s Solomon Lew has made an unscheduled appearance. The founder members of the Pacific alliance were the spy agencies from the Five Eyes, as well as South Korea, Singapore, and Thailand. By , France and India had joined the Pacific group.
dollar-denominated, investment-grade corporate bonds having remaining maturities between one and five years and issued by companies that have positive environmental, social and governance characteristics while exhibiting risk and return characteristics similar to those of the. Sign in to Westpac Live Online Banking.
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