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AFCA Proposes A$1.26 Million Scam Cap as Rules Consultation Opens

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The Australian Financial Complaints Authority (AFCA) proposed raising its direct scam-loss cap to A$1.263 million (about $909,000) today (Monday). The four-week consultation covers complaints spanning banks, telecommunications providers and…

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Finance Magnates Aug 31, 07:20 UTC

AFCA Proposes A$1.26 Million Scam Cap as Rules Consultation Opens

The Australian Financial Complaints Authority (AFCA) proposed raising its direct scam-loss cap to A$1.263 million (about $909,000) today (Monday). The four-week consultation covers complaints spanning banks, telecommunications providers and…