CBA admits it took years to fix a code problem

By Ry Crozier on May 25, 2018 10:58AM

Doubled interest charged on some overdrafts.

The Commonwealth Bank took years to properly patch a system that was charging some of its business customers double interest on their overdrafts. Even then, the code change did not completely fix the problem - and it took another year to fully resolve the “double-charging” issue, the ...

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