ME Bank slapped down for ‘serious and systemic’ breaches
Michael RoddanNational correspondent
Industry super-owned ME Bank has been sanctioned by the industry’s code of ethics watchdog for “serious and systemic” breaches of rules governing timely and clear communication and fair conduct over a redraw fiasco last year.
The sanction amounts to a naming and shaming for the lender after it launched a remediation plan last year to rectify the scandal, which took place at the height of the COVID-19 crisis.
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