Tag: consumer rights guide
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Pennsylvania Department of Banking Enhances Consumer Financial Protection
The Department of Banking and Securities in Pennsylvania plays a crucial role in regulating financial services within the state. Established with a mission to ensure that consumers and businesses are well-informed about the financial industry, the department works diligently to uphold integrity and protect stakeholders in the ever-evolving financial landscape. With a vision to be…
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Commonwealth Bank Faces Scrutiny Over Lending to Problem Gambler
The Commonwealth Bank has come under scrutiny for granting a problem gambler over $13,000 in personal loans despite his significant gambling expenses. The customer, referred to as Ben*, raised concerns with the Australian Financial Complaints Authority (AFCA), arguing that the bank had failed to adhere to responsible lending standards. Ben’s case sheds light on the…