Business
ME Bank faces criminal prosecution by corporate regulator – Sydney Morning Herald
ASIC has hit ME Bank with criminal charges. Sources say the claims are related to the bank over-charging customers interest on home loans during a technology upgrade….
Industry-super-linked ME Bank has been hit with a criminal lawsuit by the corporate regulator after thousands of home loan customers were incorrectly charged interest on mortgages.
The Australian Securities and Investments Commission announced on Thursday it has launched a criminal lawsuit against the boutique lender for breaches of the National Credit Code and Australian Securities and Investments Commission Act.
ME Bank has been hit with Federal Court charges. Credit:Ken Irwin
The breaches allegedly…
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