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Home owners warned about banks’ $55 million offset account overcharging issue
Some banks made manual errors that meant customers with offset accounts were overcharged, leading to more than $55 million in compensation.
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abc.net.au
Home loan borrowers missing out on millions in offset savings
The corporate regulator found Australian banks paid more than $55 million in compensation in just two years, for failures with mortgage offset accounts, warning customers could be…
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afr.com
Regulator slams top banks over failings in mortgage offset accounts
ASIC chairwoman Sarah Court is reading banks the riot act after a report detailed a litany of problems in the $350 billion mortgage offset account market.
