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Penalty fee test case lumbers into courtThis is a discussion on Penalty fee test case lumbers into court within the Latest News forums, part of the Local Happenings category; A much-anticipated class action brought by entrepreneurial litigators against ANZ over the validity of exception fees will take centre stage in the Federal Court in Melbourne this morning. If successful, ... |
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3rd October 2011, 08:51 AM
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 |  Penalty fee test case lumbers into court A much-anticipated class action brought by entrepreneurial litigators against ANZ over the validity of exception fees will take centre stage in the Federal Court in Melbourne this morning. If successful, the IMF (Australia)-funded action on behalf of 34,000 claimants will have wide-ranging implications for the banking industry and open the way for a series of claims against most of the country’s deposit takers and credit card issuers that have levied exception fees over the last six years. More...
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