Guardian Australia
Guardian Australia
Australia · 3 hrs ago

Mortgage offset account errors mean some Australians are owed thousands of dollars. Are you among them?

Asic review finds banks repaid millions to borrowers who unknowingly paid too much interest on their home loans Get our breaking news email, free app or daily news podcast The corporate regulator has detailed how banks have had to pay tens of millions of dollars in compensation to customers for mortgage offset failures. In a new report, the Australian Securities and Investment Commission showed lenders repaid $55m to customers over two years after they unknowingly paid too much interest on…
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