Australian regulator sues ANZ over alleged overstatement of Credit Card balances | English News

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Australia's market regulator has commenced civil penalty proceedings against Australia and New Zealand Banking Group for allegedly misleading its customers over their credit card accounts.

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There is a habit with Australian banks and I am sure all banks around the world that only when they get found out that they take action. Generally always citing a program or technical error as a result of the problem. Thing is these "program and technical" errors are ALWAYS in their favour.

garydurandt