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Vodafone faces US action after trouble with Aussie regulator
Securities 2018-02-16 11:58 am By Cat Fredenburgh

Vodafone has been hit with a class action in the US alleging it failed to inform shareholders that it violated Australian law by selling pre-paid mobile phones without first verifying customers’ identities.

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ANZ fined $5M over lending practices
Competition & Consumer Protection 2018-02-16 11:44 am By Cat Fredenburgh

A Federal Court judge in Melbourne has slapped Australia and New Zealand Banking Group with a $5 million fine for failing to properly vet customers’ financial backgrounds when providing car loans.

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New law targets predatory credit card lending
Competition & Consumer Protection 2018-02-16 10:13 am By Cat Fredenburgh

A new bill that will crack down on predatory credit card lending practices sailed through Parliament on Thursday, the first reforms to pass in the wake of a Senate inquiry into the credit card market.

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Royal Bank of Scotland settles class action at 11th hour
Securities 2018-02-15 4:03 pm By Cat Fredenburgh

The Royal Bank of Scotland has reached a settlement in a consumer protection class action on the eve of trial in the Federal Court.

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Financial complaints watchdog set for 2018 launch
Financial Services 2018-02-15 1:21 pm By Cat Fredenburgh

Australian consumers will soon be able to lodge grievances with a new body for resolving complaints with financial institutions.

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NSW appeals court upholds $7M judgment against teleco
Appeals 2018-02-14 9:19 pm By Cat Fredenburgh

Wholesale satellite broadband provider Ipstar Australia has lost a bid to overturn a $7 million judgment against it for allegedly providing defective equipment and engaging in unconscionable conduct in violation of consumer law.

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CFMEU hit with record $1M fine for secondary boycott
Competition & Consumer Protection 2018-02-14 8:51 pm By Cat Fredenburgh

TheĀ Construction, Forestry, Mining, and Energy Union has been hit with a record $1 million fine for secondary boycotts at construction sites around Melbourne, a big win for Australia’s consumer regulator in its five-year legal battle with the union.

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Judge mulls VW disclosures ahead of first ‘dieselgate’ trial
Competition & Consumer Protection 2018-02-14 7:50 pm By Cat Fredenburgh

A Federal Court judge may rule as early as Friday on whether Volkswagen should be required to answer questions about alleged emissions defeat device software installed in more than 90,000 cars in Australia before the first trial kicks off next month.

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News Corp. ordered to take down articles in defamation case
Media 2018-02-14 6:19 pm By Cat Fredenburgh

A Federal Court judge has ordered that newspaper articles that the president of the Australian Imams Council, Sheikh Shady Alsuleiman, claims are defamatory of him be removed from several News Corp. websites.

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Vodafone ordered to pay ACCC, Telstra legal bills
Competition & Consumer Protection 2018-02-13 8:16 pm By Cat Fredenburgh

Vodafone will have to cough up $295,000 to cover the legal bills of the ACCC and Telstra after falling short in its bid for judicial review of an ACCC decision not to declare a domestic mobile roaming service.

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