ASIC v American Express (DDO breaches)
court judgment26 Aug 2024
Respondent
American Express Australia Limited
Facts
ASIC alleged AMEX distributed credit cards inconsistently with TMD via co-brand David Jones channel; failed to monitor early signals.
Outcome
Court found TMD breach; pecuniary penalty proceedings.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.