Global banking giant HSBC has avoided a hefty fine despite allegedly sending inaccurate and incomplete data through Australia’s budding economy-wide data sharing scheme.
The bank paid penalties of $33,000 after the consumer watchdog announced on Tuesday that it had issued HSBC with two infringement notices for failing to disclose complete mortgage interest rate details and accurate credit card balances.
The penalty for breaching consumer data right (CDR) rules was the …
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