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Retail Banker International on MSN19h

NAB, AFSH fined for neglecting customers in financial distress

From 2018 to 2023, NAB and AFSH failed to address 345 hardship applications within the legally required 21-day period.

‘Deserved better’: NAB fined $15.5m for failing to answer customers in financial hardship

National Australia Bank and a subsidiary have been fined more than $15m for failing to respond to hardship applications, with ...

NAB hit with $15 million fine for 'failure' to help struggling Aussies

NAB and its subsidiary AFSH Nominees Pty Ltd have been ordered to pay $15.5 million following a Federal Court case decision ...
Asian Banking & Finance on MSN1d

National Australia Bank fined $15.5m for failing to respond to hardship claim

NAB and subsidiary AFSH are required to publish an adverse publicity notice. The National Australia Bank (NAB) and its ...
Mirage News1d

NAB, AFSH Fined $15.5M for Financial Hardship Failures

The Federal Court has ordered National Australia Bank (NAB) and its subsidiary, AFSH Nominees Pty Ltd (AFSH), to pay a pecuniary penalty of $15.5 ...

Aussie bank NAB cops $15 million fine over treatment of vulnerable customers

The Federal Court ordered NAB and its subsidiary, AFSH Nominees, to pay a $15.5 million for the failure — a penalty that the ...

NAB cops $15m fine for ignoring customers: What it means

National Australia Bank and a subsidiary have been fined more than $15 million for failing to respond to hardship ...
Reuters9mon

Australia regulator sues NAB for ignoring hardship application ...

The Australian Securities and Investments Commission (ASIC) claims that NAB and its unit AFSH Nominees failed to meet the legal 21-day deadline for responding to 345 hardship applications over a ...