Tag: financial responsibility planner
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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…