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Commonwealth Bank Of Australia Faces Au 150 000 Fine For Increasing Gambling Addict s Credit Limit

screenshot of the commonwealth bank has faced a monetary fine worth au$150,000 because it was found guilty of increasing a gambling addict’s credit limit with the customer having previously informed it about his problem gambling. at the time, the gambler had also said he was unwilling to get such a credit limit increase because he could not efficiently control his gambling habits. the federal court found that, with these actions, the bank had violated the responsible lending provisions of the national consumer credit protection act. still, the court revealed that the breach…
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