Financial Rights Legal Centre

A Federal Court judge that threw out a consumer class action against MyBudget has denied the budget management company’s bid for costs, finding the case was brought in the public interest.

MyBudget has successfully fought off a class action brought by consumers who claimed the budget management firm violated consumer law by holding onto interest earned on their personal budgeting accounts.

Commonwealth Bank of Australia will pay $700 million to settle claims of lax anti-money laundering oversight.