Optus refunds overcharged customers $2.4 million after ASIC intervention LeapRate

July 12, 2016 BY Valentina Kirilova

Optus refunds overcharged customers $2.4 million after ASIC intervention

In response to ASIC's concerns about its compliance with Australian financial services laws, Optus Insurance Services Pty Ltd will refund approximately $2.4 million (including interest) to around 175,000 Optus mobile customers and will write to around 500,000 customers who may be affected. Optus has admitted it failed to provide some customers with a product disclosure…

ayondo announces client money insurance of up to £500,000 and no negative balance obligation

"By enhancing its client security, ayondo aims to respond to the most pressing customer issues insofar as client money being protected by an additional client money insurance of up to £500,000. Additionally, ayondo has confirmed that there is no negative balance funding obligation" - Robert Lempka, CEO, ayondo

Tag: insurance

Optus refunds overcharged customers $2.4 million after ASIC intervention

When Do U.S. Election Polls Close?

Morgan Stanley Fined $1m By FINRA for Market Access Control Failures

INFINOX Appoints Daniel Skowronski as Group Executive Director

HKEX to Digitise ETP Servicing

Broadridge Completes Kyndryl SIS Takeover