World

Australian Banking Scandal

Updated 2026-07-28 14:25 UTC 1 source Negative

The Australian Securities and Investments Commission (ASIC) has found that banks charged mortgage holders $55 million in extra interest due to errors in offset accounts. The regulator criticizes the banks for not getting the basics right.

Coverage timeline — 1 article

The Guardian

Banks charged mortgage holders $55m in extra interest after offset account errors, Asic finds

Australian banks ‘not getting the basics right’, regulator says after review of more than 200,000 home loansGet our breaking news email, free app or <a href="https:

2026-07-28 14:01 UTC