Macquarie Group Co-operates with ACCC over telco finance scams

Macquarie Group today was taken to task by the Australian Competition and Consumer Commission (ACCC) for its treatment of small business owners caught up in alleged finance scams.

According to ABC TV's Four Corners program, which airs tonight, many Australian businesses have been hit by alleged telco finance scams, which involve the bundling of telecommunications services with electronic goods or other equipment.

The ACCC says many small businesses have been misled into signing agreements offered by telco companies

Macquarie Group's specialised asset finance and leasing business, Macquarie Equipment Rentals, has taken hundreds of small business owners to court for breaching rental contracts,

Having seen the ABC TV's Four Corners program, or after reading the news article what are your opinions about the alleged finance scam? Read full article.

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