Australia’s largest consumer credit reporting agency, Equifax, has joined the finance sector’s disgrace list

Australia’s largest consumer credit reporting agency, Equifax, has joined the finance sector’s disgrace list after being hit with a $3.5 million fine for misleading, deceptive and unconscionable conduct following legal action by the Australian Competition and Consumer Commission (ACCC).

This includes asking consumers to pay for their own credit histories, which they have the legal right to obtain for free.

Equifax admitted to breaching Australian Consumer Law when its representatives made false or misleading representations to consumers during phone calls.

via Australia’s largest consumer credit reporting agency, Equifax, has joined the finance sector’s disgrace list

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.