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National Accountability Bureau · MelbourneA big four bank and one of its subsidiaries have been ordered to pay $15.5 million for failing to respond to struggling customers.The Federal Court yesterday ordered National Australia Bank (NAB) and AFSH Nominees to pay the penalty for failing to respond to 345 hardship applications within the legally mandated 21-day timeframe.Justice Penelope Neskovcin said the reasons customers gave for their hardship included medical issues or emergencies, b…See the Story
NAB and subsidiary ordered to pay $15.5 million after ASIC takes court action
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