Latitude Financial
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OVERALL |
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Owned |
AUS |
Rating |
N/A |
Financial services
Formerly GE Consumer Finance, GE's Australian arm was renamed Latitude Financial Group in 2015 after being acquired by financial markets heavyweights KKR, Varde Partners and Deutsche Bank for $8.2 billion.
Latitude Financial Group Ltd | AUS | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Latitude Financial Group Ltd | ||||
In 2022 this company paid a $1.55 million infringement notice to the Australian Communications and Media Authority (ACMA) for over three million breaches of the Spam Act 2003. An ACMA investigation found Latitude mischaracterised commercial emails and texts as 'information only' messages. These messages, sent to existing card holders, promoted Latitude products including credit cards, mobile applications and reward programs. Due to the mischaracterisation, Latitude sent over three million commercial emails and text messages without an unsubscribe function between June 2021 and March 2022. These messages also continued to be sent to customers who had already attempted to unsubscribe.
Source: ACMA (2022) |
This company has corporate responsibility claims on its website under the headings Better Giving, Financial Capability and Local Community Partnerships.
Source: company website (2018) |
Company Details
No company details currently available for Latitude Financial Group Ltd |
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Contact Details
Address | 800 Collins St, Docklands, VIC, 3008, Australia |
Website | www.latitudefinancial.com.au |