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CBA takes ASIC medicine over credit limit bungle

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Australian Broker | 08 Mar 2012, 05:00 AM Agree 0
CBA has copped a slap on the wrist from ASIC for misleading customers about credit cards
  • Country Broker | 08 Mar 2012, 09:44 AM Agree 0
    I just wonder what would have been the result if this was a non bank lender or a broker?
  • ozboy | 08 Mar 2012, 03:16 PM Agree 0
    OMG what is CBA doing ASIC must have an office in there. I think this is the 3rd or 4th rap over the knuckles (if you include the financial planning arm as well) that CBA has had in the last 9 months. Wait til ASIC finishes the Storm Financial review.
  • Damien | 08 Mar 2012, 05:29 PM Agree 0
    I guess that getting hit with a big, fat wet lettuce leaf is not a big enough deterrent for CBA to learn from its previous misdemeanors!!!

    In the event that a Broker made a similar mistake, we can expect the same level of leniency from ASIC, correct?
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