Articles by Paulina Duran

Equifax Sued by Australia’s Competition Regulator for Allegedly Misleading Consumers

Australia’s competition regulator said on Friday it was suing credit reporting company Equifax Pty Ltd, owned by U.S.-based Equifax Inc, alleging it misled consumers and used unfair tactics with people in financial hardship. The alleged consumer law breaches by Equifax’s …

Australia’s IAG Forms Capital-Releasing Deals with Munich Re, Swiss Re, Hannover Re

Insurance Australia Group Ltd. said on Friday it will share 12.5 percent of its premiums and costs with Munich Re, Swiss Re and Hannover Re, in a series of deals that will release capital for Australia’s biggest general insurer. The …

Australia’s CBA Threatened with Large Class Action over Money Laundering Charges

A law firm threatened on Wednesday to file a class action suit against Commonwealth Bank of Australia for allegedly failing to disclose that it was facing money-laundering charges, in the latest headache for Australia’s biggest listed company. Without revealing its …