ASB fined $2.1 million for misleading more than 25,000 customers
“Customers are entitled to rely on their bank to apply discounts and fee exemptions accurately. ASB failed to…
FMG admits misleading insurance charges after FMA investigation, pays back $5.3m to customers
The insurer acknowledged that it had made misleading representations about the need to specify items and the additional…
Tower Insurance fined $7m for misleading multi policy discount claims
According to the FMA, Tower has carried out remediation and repaid over $11.7m to customers. The fine comes…