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Australian Bank Fined AUD$150,000 for Increasing Problem Gambler’s Credit Limit

Australian Bank Fined AUD$150,000 for Increasing Problem Gambler’s Credit Limit Thumbnail
By Dan Katz - November 5th

Bank didn’t think about gambling problem The Commonwealth Bank of Australia (CBA) has been fined AUD$150,000 (USD$107,580) after a Federal Court ruled that it had violated the National Credit Act for increasing a customer’s credit limit, even after that customer told the bank that he had a gambling problem. The bank also did not bother… Read more »

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