Business
Bank named and shamed for hounding investors – Motley Fool Australia
Code violations are so serious that it’s the first time in history that the industry watchdog has explicitly named the financial institution.
Bendigo and Adelaide Bank Ltd (ASX: BEN) has been shamed by an industry authority for its debt collection practices from investors.
The Banking Code Compliance Committee (BCCC) found that Bendigo and Adelaide Bank violated the code multiple times from 2015 to 2019.
The breaches related to “debt collection practices and the treatment of customers experiencing financial difficulty” by its Great Southern Loans (GSL) business unit.
This is the first time ever the committee has explicitly named a…
-
General24 hours agoLive updates: Relay teams, Mackenzie Little compete at World Athletics Championships 2025 in Tokyo, Day 8
-
General22 hours agoLet’s not be too Hastie
-
General23 hours agoBrazilian race walker Ciao Bonfim loses wedding ring in race, wins maiden gold at World Athletics Championships
-
Business10 hours agoHow to boost your superannuation in the final 10 years before retirement