Australian watchdog investigates PEXA for allegedly intimidating banks over competition concerns.

The Australian Competition and Consumer Commission (ACCC) has launched an investigation into PEXA Group, which dominates Australia's $800 billion online property settlement industry. The inquiry follows allegations that PEXA engaged in anti-competitive behavior by warning banks they could face intellectual property violations if they worked with regulators to address competition issues. The ACCC is assessing whether PEXA's actions hinder competition in the sector.

November 24, 2024
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