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NAB pays record CDR penalty for data inaccuracies
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2 Articles
NAB pays record CDR penalty for data inaccuracies
National Australia Bank (NAB) has paid $751,200 in penalties after being issued with four infringement notices by the Australian Competition and Consumer Commission (ACCC) for alleged breaches of the Consumer Data Right (CDR) Rules. The alleged contraventions stem from NAB’s failure to disclose, or accurately disclose, credit limit data in response to requests made by four separate accredited CDR providers, acting on behalf of consumers. The ban…
NAB fined $751k over CDR data disclosure failures
National Australia Bank (NAB) has paid $751,200 in penalties after being issued with four infringement notices by the Australian Competition and Consumer Commission (ACCC) for alleged breaches of the Consumer Data Right (CDR) Rules. The alleged contraventions stem from NAB’s failure to disclose, or accurately disclose, credit limit data in response to requests made by four separate accredited CDR providers, acting on behalf of consumers. The ban…
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