ACCC

Cass-Gottlieb said the ACCC had no powers to set deposit pricing, and the inquiry was aimed at investigating how banks set rates. She said the inquiry would take in areas including strategies used by banks to attract clients; how they…

“We have tried to strike the right balance across a range of different products. That doesn’t mean to say – nor has it ever been the case – that every product attracts the same interest rate,” Comyn said.Comyn said he expected the ACCC to…

Dishonest TikTok and Instagram influencers are facing a crackdown by the nation’s consumer watchdog.The Australian Competition and Consumer Commission has started looking at more than 100 influencers in response to more than 150 tip-offs…

Normal text sizeLarger text sizeVery large text sizeDelia Rickard, who departs her role as deputy chair of the Australian Competition and Consumer Commission this week, crafted her career path through a list of dot points her father…

The ACCC anticipates that price intensity will drop slightly after the Christmas period, but will remain at unusually high levels well into 2023.Despite flight cancellations returning to almost pre-pandemic levels, passengers are still…

Australia’s competition regulator suing Telstra in the Federal Court for allegedly misrepresenting internet speeds to customers of its cut-price brand, Belong.The ACCC alleges that Australia’s largest retailer of telephone and data…

One consumer who complained about technical issues with his device was told by Fitbit there would be no exact date for a resolution. The consumer then requested a refund, which was rejected by Fitbit, which told them they did not qualify…

Smaller-scale sweeps will focus on deceptive practices in the digital marketplace, targeting misleading reviews, and on influencers on social media who fail to clearly disclose advertising or sponsorship on posts.The ACCC will focus on…

Loading“As an objective decision maker, it’s not a simple decision. From a public point of view, they may form the oversimplified view that she’s pro or anti-bank depending on the decision.”ANZ chief executive Shayne Elliott said on Monday…

In 2017, banks in the Netherlands introduced a name check service which reduced reported fraud by 81 per cent.However, Australia’s big four banks have not committed to introducing the measure, and have pointed instead to the New Payments…