Six years for refunds, that’s how low we are on banks’ priority list

ASIC chairman James Shipton.

Heads don’t roll when Corporations committ offences not so with Indigenous Australia (ODT)

The report shows it takes institutions an average 2145 days – or almost six years – between the first breach and the first compensation payment to be paid to customers.

“It is a ‘hear no evil, see no evil, speak no evil, spend no money on doing the right thing’ culture.”

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