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Bendigo and Adelaide Bank publicly shamed for banking code breaches – ABC News
A new banking industry watchdog uses its teeth for the first time, publicly shaming Bendigo and Adelaide Bank for “serious and systemic breaches” in how it has …
A new banking industry watchdog has used its teeth for the first time, sanctioning Bendigo and Adelaide Bank for “serious and systemic breaches” in how it has treated customers since 2015.
Key points:
- The Banking Code Compliance Committee (BCCC) was introduced to enforce the new banking industry code of conduct
- Bendigo and Adelaide Bank is the first “named and shamed” by the body, but will not face financial penalties
- Consumer groups and legal experts say the penalties …
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