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Banking customers are urged to remain extra vigilant during these trying times

Banking customers are urged to remain extra vigilant during these trying times
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

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South Africa. Banking customers are urged to remain extra vigilant during these trying times – AfricaBusiness.com

South Africa. Banking customers are urged to remain extra vigilant during these trying times – AfricaBusiness.com
africabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africabusiness.com Daily Mail and Mail on Sunday newspapers.

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Customer with $27,000 income given $24,500 credit card limit

Customer with $27,000 income given $24,500 credit card limit
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

Nicola Sladden , Banking Ombudsman , Consumer Finance Act , Banking Practice , Ombudsman Nicola Sladden , வங்கி ஆஂபட்‌ஸ்மந் , நுகர்வோர் நிதி நாடகம் , வங்கி ப்ர்யாக்டீஸ் ,

Bank told to compensate customer for US$30,000 scam loss

The customer’s bank tried again, and the overseas bank asked for an indemnity if it was to return the money, against the possibility that its customer would claim against it for releasing the funds back to the New Zealand business without authority.
The New Zealand bank was not willing to do this because it thought that the indemnity was too broad.
It told its customer it could not help get the money back. It did not mention that the money was available but the bank wanted an indemnity first.
The overseas bank contacted its New Zealand counterpart several times over the next four months, reminding it that the money was there and would be returned when an indemnity was provided. ....

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Banks must do better in caring for vulnerable customers

OPINION: A problem gambler asked his bank to block his access to personal loans. Three months later, it gave him a credit card. ....

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