ALLEGED UNCONSCIONABLE CONDUCT BY NATIONAL BANK OF MALAWI

The Commission ordered National Bank of Malawi to pay a fine of MK500,000.00 for engaging in unconscionable conduct in the trade of goods and services. This followed an investigation conducted by the Commission which established that National Bank of Malawi speciously and deceptively charged debit interest to customer accounts and failed to provide timely remedy … Continue reading ALLEGED UNCONSCIONABLE CONDUCT BY NATIONAL BANK OF MALAWI