Business Services Industry
ASIC watches credit card advertising.
Australasian Business Intelligence, November, 2006
Nov 14, 2006 (Choice - ABIX via COMTEX) -- The Australian Securities and Investments Commission (ASIC) has met with two credit card companies in October 2006. ASIC met with GE Money and Aussie Home Loans because of concerns over each company's advertising. GE Money's web site claimed its Go Mastercard was free of fees, but those who applied online were subject to an establishment fee. Aussie's AUSSIE Mastercard had its interest rate for cash advances raised to 13.99% in June 2006, despite the card being promoted as having an ongoing rate of only 9.99%. As a result of the meeting, GE Money says it will refund the $A25 establishment fee charged to 2500 customers who applied for its Go Mastercard online. New Aussie customers will be subject to the higher cash advance...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
