Dollarmites bites: the scandal behind the Commonwealth Bank’s junior savings program

The bank decided not to contact the families whose children’s bank accounts may have been activated without their permission nor did it contact the schools involved.

A decision was made not to broaden the investigation to the other 874 branches in operation at the time. The regulator and the board weren’t notified until recently.

via Dollarmites bites: the scandal behind the Commonwealth Bank’s junior savings program

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