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Judge OKs $49.5M settlement in NAB class action
Financial Services May 8, 2020 6:29 pm By Alison Eveleigh

A judge has signed off on a $49.5 million settlement in a class action against National Australia Bank over ‘junk insurance’, including millions in fees […]

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Profits a big motivator for big four banks in refusing to pass on interest rate cuts, ACCC says
Competition & Consumer Protection April 27, 2020 9:35 pm By Christine Caulfield

The Big Four banks were trying to shore up their profits when they refused to pass on home loan interest rate cuts to consumers in […]

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Group members to get policy cancellation info in NAB insurance class action settlement
Class Actions March 30, 2020 9:02 pm By Alison Eveleigh

A judge overseeing a class action against National Australia Bank over ‘junk insurance’ has ordered that potential group members be given information about cancelling the […]

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Judge spots ‘fundamental flaw’ in NAB insurance class action settlement
Class Actions February 25, 2020 10:25 pm By Miklos Bolza

A judge has questioned whether he should sign off on a $49.5 million settlement in a class action against National Australia Bank over allegedly worthless […]

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NAB’s ‘grossly deficient’ systems prompted ASIC’s second fees-for-no-service case, court hears
Financial Services February 18, 2020 2:10 pm By Miklos Bolza

National Australia Bank’s “grossly deficient” systems and failure to swiftly bring its processes into compliance prompted ASIC to launch its second fees-for-no-service case against the […]

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NAB faces ASIC wrath with second fees for no service case
Financial Services December 17, 2019 11:49 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has taken legal action against National Australia Bank alleging thousands of violations of the law through its fees for […]

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NAB manager sentenced over home loan fraud
Financial Services November 19, 2019 9:41 pm By Cat Fredenburgh

A former National Australia Bank branch manager has been sentenced to a year of home detention for engaging in fraud in relation to the bank’s […]

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NAB admits to violating Credit Act with ‘Introducer’ program
Financial Services November 18, 2019 11:40 pm By Cat Fredenburgh

The National Australia Bank has admitted to most of the violations alleged in the Australian Securities and Investments Commission’s case over the bank’s $24 billion […]

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NAB units face class action over ‘regrettable mismanagement’ of super accounts
Class Actions January 22, 2020 1:00 pm By Miklos Bolza

Two National Australia Bank units have been hit with a class action alleging they violated their duties as superannuation trustees by allegedly failing to transfer […]

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‘Reasonable chance’ of settlement in Dick Smith class actions
Class Actions December 6, 2019 12:31 pm By Cat Fredenburgh

There is a “reasonable chance” that two shareholder class actions against failed electronics retailer Dick Smith will settle by February of next year, group members […]

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